Detecting Bubbles in Hong Kong Residential Property Market

Detecting Bubbles in Hong Kong Residential Property Market

This study uses a newly developed bubble detection method (Phillips, Shi and Yu, 2011) to identify real estate bubbles in the Hong Kong residential property market. Our empirical results reveal several positive bubbles in the Hong Kong residential property market, including one in 1995, a stronger o...

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Bibliographic Details
Main Authors: YIU, Matthew S., Yu, Jun, JIN, Lu
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
Subjects:
asset bubble
residential property prices
right‐tailed unit root test
explosive behaviour
price‐to‐rent ratio
Asian Studies
Econometrics
Finance
Macroeconomics
Online Access:https://ink.library.smu.edu.sg/soe_research/1404
https://ink.library.smu.edu.sg/context/soe_research/article/2403/viewcontent/31_2012_Detecting_Bubbles_in_Hong_Kong_Residential.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/1404
https://ink.library.smu.edu.sg/context/soe_research/article/2403/viewcontent/31_2012_Detecting_Bubbles_in_Hong_Kong_Residential.pdf

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