Testing for Causality-In-Mean and Variance between the UK Housing and Stock Markets
This paper employs the two-step procedure to analyze the causality-in-mean and causality-in-variance between the housing and stock markets of the UK. The empirical findings make two key contributions. First, although previous studies have indicated a one-way causal relation from the housing market t...
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| Format: | Article |
| Language: | English |
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MDPI AG
2018-04-01
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| Series: | Journal of Risk and Financial Management |
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| Online Access: | http://www.mdpi.com/1911-8074/11/2/21 |