Real Estate and the Stock Market: A Meta‐Regression Analysis

20 Pages Posted: 19 Sep 2010  

Constantin Gurdgiev

Trinity College, Dublin; Middlebury Institute of International Studies at Monterey (MIIS)

Brian M. Lucey

Trinity Business School, Trinity College Dublin

Deirdre Reilly

affiliation not provided to SSRN

Date Written: September 19, 2010

Abstract

The real estate finance literature provides diverse and contradictory findings regarding the relationship between the real estate market and the stock market. Despite the importance of this relationship to the economy in general relatively little is known of what causes such differences. In this paper, through applying the technique of meta‐regression analysis to the empirical studies in the area a significant step is made towards objectively integrating and synthesising the results and identifying systematic variations in the results of studies.

Keywords: Real Estate, Stock Markets, House Prices, Meta-Regression Analysis

JEL Classification: O6, G12, G15, R31

Suggested Citation

Gurdgiev, Constantin and Lucey, Brian M. and Reilly, Deirdre, Real Estate and the Stock Market: A Meta‐Regression Analysis (September 19, 2010). Available at SSRN: https://ssrn.com/abstract=1679303 or http://dx.doi.org/10.2139/ssrn.1679303

Constantin Gurdgiev

Trinity College, Dublin ( email )

Trinity College
Dublin 2

Middlebury Institute of International Studies at Monterey (MIIS) ( email )

460 Pierce St
Monterey, CA 93940
United States

Brian M. Lucey

Trinity Business School, Trinity College Dublin ( email )

The Sutherland Centre, Level 6, Arts Building
Dublin 2
Ireland
+353 1 608 1552 (Phone)
+353 1 679 9503 (Fax)

Deirdre Reilly (Contact Author)

affiliation not provided to SSRN ( email )

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