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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| Những tác giả chính: | , |
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| 格式: | Bài viết |
| 语言: | English |
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University of Economics Ho Chi Minh City
2023
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| 在线阅读: | http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=905d7e2b-dad9-4c22-98e9-b63d5e94be7e https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115514 |
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| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
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| 总结: | 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 |
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