Association between securities and real estate markets: the case of Ho Chi Minh City

This study inspects the relationship between the securities market and real estate market in Vietnam, particularly the case of Ho Chi Minh City from Q1/2009 through Q3/2014. Using a comprehensive survey of expert opinions, we find that several macro factors including GDP, interest rate, inflation, f...

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Tác giả chính:	Phan Thi Bich Nguyet
Đồng tác giả:	Pham Duong Phuong Thao
Định dạng:	Journal Article
Thông tin xuất bản:	Trường Đại học Kinh tế Tp. Hồ Chí Minh 2017
Chủ đề:	Securities market Real estate market.
Truy cập trực tuyến:	http://digital.lib.ueh.edu.vn/handle/UEH/55154 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=905d7e2b-dad9-4c22-98e9-b63d5e94be7e http://doi.org/10.24311/jabes/2016.23.4.07
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institution	Đại học Kinh tế Thành phố Hồ Chí Minh
collection	DSpaceUEH
topic	Securities market Real estate market.
spellingShingle	Securities market Real estate market. Phan Thi Bich Nguyet Association between securities and real estate markets: the case of Ho Chi Minh City
description	This study inspects the relationship between the securities market and real estate market in Vietnam, particularly the case of Ho Chi Minh City from Q1/2009 through Q3/2014. Using a comprehensive survey of expert opinions, we find that several macro factors including GDP, interest rate, inflation, fiscal policy, monetary policy, securities market regulations, international capital flows, and money market have effects on both the securities and real estate markets, which, in turn, do have mutual interactions. Furthermore, it is suggested by the survey results that among the determinants, policy on foreign investment control has the most powerful impact on capital movements between the two markets. The results of TECM analysis of property price index and VN-Index reveal a bidirectional causality between the two markets, which are positively related in the long run
author2	Pham Duong Phuong Thao
author_facet	Pham Duong Phuong Thao Phan Thi Bich Nguyet
format	Journal Article
author	Phan Thi Bich Nguyet
author_sort	Phan Thi Bich Nguyet
title	Association between securities and real estate markets: the case of Ho Chi Minh City
title_short	Association between securities and real estate markets: the case of Ho Chi Minh City
title_full	Association between securities and real estate markets: the case of Ho Chi Minh City
title_fullStr	Association between securities and real estate markets: the case of Ho Chi Minh City
title_full_unstemmed	Association between securities and real estate markets: the case of Ho Chi Minh City
title_sort	association between securities and real estate markets: the case of ho chi minh city
publisher	Trường Đại học Kinh tế Tp. Hồ Chí Minh
publishDate	2017
url	http://digital.lib.ueh.edu.vn/handle/UEH/55154 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=905d7e2b-dad9-4c22-98e9-b63d5e94be7e http://doi.org/10.24311/jabes/2016.23.4.07
work_keys_str_mv	AT phanthibichnguyet associationbetweensecuritiesandrealestatemarketsthecaseofhochiminhcity
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spelling	oai:localhost:UEH-551542021-09-21T07:34:09Z Association between securities and real estate markets: the case of Ho Chi Minh City Phan Thi Bich Nguyet Pham Duong Phuong Thao Securities market Real estate market. This study inspects the relationship between the securities market and real estate market in Vietnam, particularly the case of Ho Chi Minh City from Q1/2009 through Q3/2014. Using a comprehensive survey of expert opinions, we find that several macro factors including GDP, interest rate, inflation, fiscal policy, monetary policy, securities market regulations, international capital flows, and money market have effects on both the securities and real estate markets, which, in turn, do have mutual interactions. Furthermore, it is suggested by the survey results that among the determinants, policy on foreign investment control has the most powerful impact on capital movements between the two markets. The results of TECM analysis of property price index and VN-Index reveal a bidirectional causality between the two markets, which are positively related in the long run 2017-09-14T11:02:04Z 2017-09-14T11:02:04Z 2016 Journal Article 1859 -1124 http://digital.lib.ueh.edu.vn/handle/UEH/55154 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=905d7e2b-dad9-4c22-98e9-b63d5e94be7e http://doi.org/10.24311/jabes/2016.23.4.07 Journal of Economic Development JED, Vol.23(4) Ambrose, B. W., Ancel, E., &Griffiths, M. D. (1992). The fractal structure of real estate investment trustreturns: A search for evidence of market segmentation and nonlinear dependency.Real Estate Economics, 20(1), 25–54. Apergis, N., & Lambrinidis, L.(2011). More evidence on the relationship between the stock and the real estatemarket. Journal of Economic Literature, No.85, September/October 2011. Chi, H. J. (1998). Circulative relationof stock, bond, real estate markets to business cycle. 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Association between securities and real estate markets: the case of Ho Chi Minh City

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