The Study of the Correlation Between Taiwanese Business Cycle and House Pricing - an Example of Taipei City and Hualien City.

碩士 === 國立東華大學 === 管理學院高階經營管理碩士在職專班 === 100 === In contrast to research related to Taiwanese business cycle, the studies of correlation between the Taiwanese business cycle and the volatility of housing price traded between urban and suburban area are relatively limited. This study observes the build...

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Bibliographic Details
Main Authors: Hsu-Chih Lin, 林旭志
Other Authors: Chao-Shin Chiao
Format: Others
Published: 2012
Online Access:http://ndltd.ncl.edu.tw/handle/245ze5
Description
Summary:碩士 === 國立東華大學 === 管理學院高階經營管理碩士在職專班 === 100 === In contrast to research related to Taiwanese business cycle, the studies of correlation between the Taiwanese business cycle and the volatility of housing price traded between urban and suburban area are relatively limited. This study observes the building material and construction stock index, finance and insurance stock index and residence housing price of Da’an Dist., Songshan Dist. and Hualien city from Jan. 1997 to Dec. 2011 with a total of 180 months . The empirical results suggest that (1) The residence housing price traded at Da’an Dist and Songshan Dist are the lagging indicators during expansions and the finance and insurance stock index is its lagging indicator in contraction periods. (2) The housing price traded at Da’an Dist is the lagging indicator in expansion periods. The housing price traded at Songshan Dist is the lagging indicator during contraction periods.