UK commercial property investment: Time-series characteristics and modelling strategies

Journal of Property Research

Volumn 14, Issue 4, 1997, Pages 279-296

  Ball, Michael ^a   Grilli, Maurizio ^a  

^a LONDON SOUTH BANK UNIVERSITY   (United Kingdom)

Author keywords

Economic growth; Modelling; Property development; Time series analysis

Indexed keywords

COMMERCIAL PROPERTY; ECONOMIC GROWTH; PROPERTY MARKET; TIME SERIES ANALYSIS;

EID: 0031395515     PISSN: 09599916     EISSN: 14664453     Source Type: Journal    
DOI: 10.1080/095999197368537     Document Type: Article

References (22)

1. Antwi, A. and Henneberry, J. (1995) Developers, non-linearity and asymmetry in the development cycle, Journal of Property Research, 12, 217–39.
2. Ball, M. (1994) The 1980s property boom, Environment and Planning A, 26, 671–95.
3. Ball, M. (1996) Housing and Construction: A Troubled Relationship, Policy Press, Bristol.
4. Ball, M., Morrison, T. and Wood, A. (1996) Structures investment and economic growth: A longterm international comparison, Urban Studies, 33, 1687–706.
5. Ball, M. and Wood, A. (1996) Trend growth in post-1850 British economic history: The Kalman filter and historical judgement, The Statistician, 45, 1–10.
6. Barras, R. (1987) Technical change and the urban development cycle, Urban Studies, 24, 5–30.
7. Barras, R. (1994) Property and the economic cycle: Building cycles revisted, Journal of Property Research, 11, 183–97.
8. Barras, R. and Ferguson, D. (1987a) Dynamic modelling of the building cycle: 1. theoretical framework, Environment and Planning A, 19, 493–520.
9. Barras, R. and Ferguson, D. (1987b) Dynamic modelling of the building cycle: 2. empirical results, Environment and Planning A, 19, 794–813.
10. Canova, F. (1993) Detrending and business cycle facts. Centre for Economic Research Discussion Paper (782), London.
11. Chirinko, R.S. (1993) Business fixed investment spending: modelling strategies, empirical results, and policy implications, Journal of Economic Literature, 31, 1875–911.
12. Harvey, A.C. (1989) Forecasting, Structural Time Series Models and the Kalman Filter, Cambridge University Press, Cambridge.
13. Harvey, A.C. and Jaeger, A. (1993) Detrending, stylized facts and the business cycle, Journal of Applied Econometrics, 8, 231–41.
14. Hickman, B.G. (1973) What became of the building cycle? Nations and Households in Economic Growth: Essays in Honor of Moses Abramovitz, David, P. and Reder, M. (eds) Academic Press, New York, p. 383.
15. Isard, W. (1942) A neglected cycle: the transport-building cycle, Review of Economic Statistics, 24, 149–58.
16. Key, T., MacGregor, B., Nanthakumaran, N. and Zaresh, F. (1995) Understanding the Property Cycle. Main Report: Economic Cycles and Property Cycles, Royal Institute of Chartered Surveyors, London.
17. Kuznets, S. (1930) Secular Movements in Production and Prices, Houghton Mifflin, New York.
18. Matysiak, G. and Wang, P. (1995) Commercial property market prices and valuations: Analysing the correspondence, Journal of Property Research, 12, 181–202.
19. MacGregor, B. and Nanthakumaran, N. (1992) The allocation to property in the multi-asset portfolio: The evidence and theory reconsidered, Journal of Property Research, 9, 5–32.
20. Scott, P. (1996) The Property Masters, E & FN Spon, London.
21. Van Duijn, J.J. (1983) The Long Wave in Economic Life, George Allen & Unwin, London.
22. Wheaton, W.C. and Torto, R.G. (1987) The cyclical behaviour of the national of. ce market, AREUEA Journal, 15, 281–99.