Stock Market Turnover and China’s Real Estate Market Price: An Empirical Study Based on VAR Investment
Our analysis used the monthly data of the average sales price of commodity houses and stock turnover in the Shenzhen Stock Exchange from January 2016 to December 2020. We selected this data to establish a Vector Autoregression (VAR) model using the Granger causality test to investigate the corre...
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| Format: | Article |
| Language: | English |
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Editorial Department of Contemporary Social Sciences
2022-07-01
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| Series: | Contemporary Social Sciences |
| Subjects: | |
| Online Access: | https://css.researchcommons.org/journal/vol2022/iss4/11 |
| _version_ | 1811204605346840576 |
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| author | Sun Xianchao, Huang Chengjie, Tang Zhou, and Li Xianbin |
| author_facet | Sun Xianchao, Huang Chengjie, Tang Zhou, and Li Xianbin |
| author_sort | Sun Xianchao, Huang Chengjie, Tang Zhou, and Li Xianbin |
| collection | DOAJ |
| description | Our analysis used the monthly data of the average sales price of commodity
houses and stock turnover in the Shenzhen Stock Exchange from January
2016 to December 2020. We selected this data to establish a Vector
Autoregression (VAR) model using the Granger causality test to investigate
the correlation between the stock market and the real estate market. We found
that there is a significant positive correlation between the stock market and
the real estate market. We also found that the real estate market price is the
one-way Granger cause for the stock market turnover, and that changes in the
real estate market price have a significant role in forecasting changes in stock
market turnover. Therefore, the linkage between the two markets should be
considered in macro regulations, and the impact on one of the markets should
be considered when regulating the other |
| first_indexed | 2024-04-12T03:15:58Z |
| format | Article |
| id | doaj.art-f898819bc7e94319b7acd0b19d851fba |
| institution | Directory Open Access Journal |
| issn | 2096-0212 |
| language | English |
| last_indexed | 2024-04-12T03:15:58Z |
| publishDate | 2022-07-01 |
| publisher | Editorial Department of Contemporary Social Sciences |
| record_format | Article |
| series | Contemporary Social Sciences |
| spelling | doaj.art-f898819bc7e94319b7acd0b19d851fba2022-12-22T03:50:09ZengEditorial Department of Contemporary Social SciencesContemporary Social Sciences2096-02122022-07-0110.19873/j.cnki.2096-0212.2022.04.002Stock Market Turnover and China’s Real Estate Market Price: An Empirical Study Based on VAR InvestmentSun Xianchao, Huang Chengjie, Tang Zhou, and Li Xianbin0Sichuan Normal University;Sichuan Academy of Social Sciences Our analysis used the monthly data of the average sales price of commodity houses and stock turnover in the Shenzhen Stock Exchange from January 2016 to December 2020. We selected this data to establish a Vector Autoregression (VAR) model using the Granger causality test to investigate the correlation between the stock market and the real estate market. We found that there is a significant positive correlation between the stock market and the real estate market. We also found that the real estate market price is the one-way Granger cause for the stock market turnover, and that changes in the real estate market price have a significant role in forecasting changes in stock market turnover. Therefore, the linkage between the two markets should be considered in macro regulations, and the impact on one of the markets should be considered when regulating the otherhttps://css.researchcommons.org/journal/vol2022/iss4/11stock market turnoverreal estate pricesvar modelgranger causality test |
| spellingShingle | Sun Xianchao, Huang Chengjie, Tang Zhou, and Li Xianbin Stock Market Turnover and China’s Real Estate Market Price: An Empirical Study Based on VAR Investment Contemporary Social Sciences stock market turnover real estate prices var model granger causality test |
| title | Stock Market Turnover and China’s Real Estate Market Price: An Empirical Study Based on VAR Investment |
| title_full | Stock Market Turnover and China’s Real Estate Market Price: An Empirical Study Based on VAR Investment |
| title_fullStr | Stock Market Turnover and China’s Real Estate Market Price: An Empirical Study Based on VAR Investment |
| title_full_unstemmed | Stock Market Turnover and China’s Real Estate Market Price: An Empirical Study Based on VAR Investment |
| title_short | Stock Market Turnover and China’s Real Estate Market Price: An Empirical Study Based on VAR Investment |
| title_sort | stock market turnover and china s real estate market price an empirical study based on var investment |
| topic | stock market turnover real estate prices var model granger causality test |
| url | https://css.researchcommons.org/journal/vol2022/iss4/11 |
| work_keys_str_mv | AT sunxianchaohuangchengjietangzhouandlixianbin stockmarketturnoverandchinasrealestatemarketpriceanempiricalstudybasedonvarinvestment |