Recent empirical research using real estate data has supported the weak and semi-strong forms of the efficient markets hypothesis. Previous studies have not included an estimate of expected appreciation into the tests of market efficiency, thus raising a question about the reliability of the results
Are real estate markets becoming more efficient?
โ Scribed by Edwin S. Mills
- Publisher
- Springer US
- Year
- 1988
- Tongue
- English
- Weight
- 468 KB
- Volume
- 1
- Category
- Article
- ISSN
- 0895-5638
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
This research examines the causal relationship between several financial variables and a portfolio of real estate returns using monthly data from January 1965 to December 1986. The empirical analysis is based on multivariate Granger-causality tests in conjunction with Akaike's final prediction error
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