메뉴 건너뛰기




Volumn 29, Issue 8, 2011, Pages 781-793

Speculative bubbles in mass and luxury properties: An investigation of the Hong Kong residential market

Author keywords

Housing price bubble; Luxury residential market; Mass residential market; West specification test

Indexed keywords

CAPITAL GAINS TAX; HONG-KONG; HOUSING MARKETS; HOUSING PRICES; HOUSING SUPPLY; RESIDENTIAL MARKET; WEST SPECIFICATION TEST;

EID: 80053286457     PISSN: 01446193     EISSN: 1466433X     Source Type: Journal    
DOI: 10.1080/01446193.2011.610329     Document Type: Article
Times cited : (21)

References (33)
  • 1
    • 2242459831 scopus 로고    scopus 로고
    • Analysis of factors influencing project cost estimating practice
    • Akintoye, A. (2000) Analysis of factors influencing project cost estimating practice. Construction Management and Economics, 18, 77-89.
    • (2000) Construction Management and Economics , vol.18 , pp. 77-89
    • Akintoye, A.1
  • 3
    • 33746870344 scopus 로고    scopus 로고
    • Boom or bubble in the US real estate market
    • Belke, A. and Wiedmann, M. (2005) Boom or bubble in the US real estate market. Intereconomics, 40(5), 273-84.
    • (2005) Intereconomics , vol.40 , Issue.5 , pp. 273-284
    • Belke, A.1    Wiedmann, M.2
  • 4
    • 34247203515 scopus 로고
    • Bubbles, rational expectations and financial markets
    • NBER Working Paper
    • Blanchard, O.J. and Watson, M. (1982) Bubbles, rational expectations and financial markets, NBER working paper no. 945.
    • (1982) , pp. 945
    • Blanchard, O.J.1    Watson, M.2
  • 5
    • 0035373441 scopus 로고    scopus 로고
    • Asset price fluctuations in Taiwan: Evidence from stock and real estate prices during 1972-1992
    • Chen, N.K. (2001) Asset price fluctuations in Taiwan: evidence from stock and real estate prices during 1972-1992. Journal of Asian Economics, 12(2), 215-232.
    • (2001) Journal of Asian Economics , vol.12 , Issue.2 , pp. 215-232
    • Chen, N.K.1
  • 9
    • 0003254834 scopus 로고
    • Linear rational expectations model for dynamically interrelated variables
    • in R.E. Lucas, Jr. and T.J. Sargent (eds), University of Minnesota Press, Minneapolis
    • Hansen, L.P. and Sargent, T.J. (1981) Linear rational expectations model for dynamically interrelated variables, in R.E. Lucas, Jr. and T.J. Sargent (eds) Rational Expectation and Economic Practice, University of Minnesota Press, Minneapolis.
    • (1981) Rational Expectation and Economic Practice
    • Hansen, L.P.1    Sargent, T.J.2
  • 11
    • 33645817313 scopus 로고    scopus 로고
    • Assessing high house prices: Bubbles, fundamentals and misperceptions
    • Himmelberg, C., Mayer, C. and Sinai, T. (2005) Assessing high house prices: bubbles, fundamentals and misperceptions. Journal of Economic Perspectives, 19(4), 67-92.
    • (2005) Journal of Economic Perspectives , vol.19 , Issue.4 , pp. 67-92
    • Himmelberg, C.1    Mayer, C.2    Sinai, T.3
  • 13
    • 77449120186 scopus 로고    scopus 로고
    • Price discovery of property markets in Shenzhen and Hong Kong
    • Hui, E.C.M. and Ng, I.M.H. (2009) Price discovery of property markets in Shenzhen and Hong Kong. Construction Management and Economics, 27(12), 1175-1196.
    • (2009) Construction Management and Economics , vol.27 , Issue.12 , pp. 1175-1196
    • Hui, E.C.M.1    Ng, I.M.H.2
  • 14
    • 33751531827 scopus 로고    scopus 로고
    • Housing price bubbles in Hong Kong, Beijing and Shanghai: A comparative study
    • Hui, C.M. and Shen, Y. (2006) Housing price bubbles in Hong Kong, Beijing and Shanghai: a comparative study. Journal of Real Estate Finance and Economics, 33, 299-327.
    • (2006) Journal of Real Estate Finance and Economics , vol.33 , pp. 299-327
    • Hui, C.M.1    Shen, Y.2
  • 15
    • 8644231289 scopus 로고
    • Speculation and price bubbles in the Korean and Japanese real estate markets
    • Kim, K.H. and Suh, S.H. (1993) Speculation and price bubbles in the Korean and Japanese real estate markets. Journal of Real Estate Finance and Economics, 6(1), 73-87.
    • (1993) Journal of Real Estate Finance and Economics , vol.6 , Issue.1 , pp. 73-87
    • Kim, K.H.1    Suh, S.H.2
  • 16
    • 0038820498 scopus 로고
    • Bubbles
    • in Eatwell, J., Milgate, M., Newman, P. (eds), A to D, Maruzen, Macmillan, London
    • Kindleberger, C.P. (1987) Bubbles, in Eatwell, J., Milgate, M., Newman, P. (eds) The New Palgrave: A Dictionary of Economics, Vol. 1. A to D, Maruzen, Macmillan, London, pp. 281-282.
    • (1987) The New Palgrave: A Dictionary of Economics , vol.1 , pp. 281-282
    • Kindleberger, C.P.1
  • 17
    • 33746922865 scopus 로고    scopus 로고
    • Asset price bubbles, information, and public policy
    • in Hunter, W.C., Kaufman, G.G. and Pomerleano, M. (eds), Regulatory and International Policies, MIT Press, Cambridge, MA
    • Kroszner, R.S. (2005) Asset price bubbles, information, and public policy, in Hunter, W.C., Kaufman, G.G. and Pomerleano, M. (eds) Asset Price Bubbles: The Implications for Monetary, Regulatory and International Policies, MIT Press, Cambridge, MA, pp. 3-13.
    • (2005) Asset Price Bubbles: The Implications For Monetary , pp. 3-13
    • Kroszner, R.S.1
  • 18
    • 0008197068 scopus 로고
    • Land prices and house prices in Japan
    • in Noguchi, Y. and Poterba, J.M, NBER Conference Report, University of Chicago Press, Chicago
    • Noguchi, Y. (1994) Land prices and house prices in Japan, in Noguchi, Y. and Poterba, J.M. (eds) Housing Markets in the United States and Japan, NBER Conference Report, University of Chicago Press, Chicago, pp. 11-28.
    • (1994) Housing Markets In the United States and Japan , pp. 11-28
    • Noguchi, Y.1
  • 20
    • 0035180737 scopus 로고    scopus 로고
    • Real estate and the Asian crisis
    • Quigley, J.M. (2001) Real estate and the Asian crisis. Journal of Housing Economics, 10(2), 129-161.
    • (2001) Journal of Housing Economics , vol.10 , Issue.2 , pp. 129-161
    • Quigley, J.M.1
  • 21
    • 21544449752 scopus 로고    scopus 로고
    • Quasi-rational behaviour in the property and construction market
    • Raftery, J. (1999) Quasi-rational behaviour in the property and construction market. Construction Management and Economics, 17, 21-27.
    • (1999) Construction Management and Economics , vol.17 , pp. 21-27
    • Raftery, J.1
  • 23
    • 0035471940 scopus 로고    scopus 로고
    • Two classes of speculative peaks
    • Roehner, B.M. (2001) Two classes of speculative peaks. Physica A, 299, 71-83.
    • (2001) Physica A , vol.299 , pp. 71-83
    • Roehner, B.M.1
  • 24
    • 84948889233 scopus 로고
    • Methodology and method for pricelevel forecasting in the building industry
    • Runeson, K.G. (1988) Methodology and method for pricelevel forecasting in the building industry. Construction Management and Economics, 6, 49-55.
    • (1988) Construction Management and Economics , vol.6 , pp. 49-55
    • Runeson, K.G.1
  • 26
    • 0004179594 scopus 로고    scopus 로고
    • Princeton University Press, Princeton, NJ
    • Shiller, R.S. (2000) Irrational Exuberance, Princeton University Press, Princeton, NJ.
    • (2000) Irrational Exuberance
    • Shiller, R.S.1
  • 29
    • 0001575872 scopus 로고
    • Asset bubbles and overlapping generations
    • Tirole, J. (1985) Asset bubbles and overlapping generations. Econometrica, 53(5), 1071-100.
    • (1985) Econometrica , vol.53 , Issue.5 , pp. 1071-100
    • Tirole, J.1
  • 30
    • 0000023662 scopus 로고    scopus 로고
    • Causal relationship between construction flows and GDP: Evidence from Hong Kong
    • Tse, R.Y.C. and Ganesan, S. (1997) Causal relationship between construction flows and GDP: evidence from Hong Kong. Construction Management and Economics, 15, 371-376.
    • (1997) Construction Management and Economics , vol.15 , pp. 371-376
    • Tse, R.Y.C.1    Ganesan, S.2
  • 31
    • 0032720905 scopus 로고    scopus 로고
    • Matching housing supply and demand: An empirical study of Hong Kong's market
    • Tse, R.Y.C., Ho, C.W. and Ganesan, S. (1999) Matching housing supply and demand: an empirical study of Hong Kong's market. Construction Management and Economics, 17, 625-633.
    • (1999) Construction Management and Economics , vol.17 , pp. 625-633
    • Tse, R.Y.C.1    Ho, C.W.2    Ganesan, S.3
  • 32
    • 0001210479 scopus 로고
    • A specification test for speculative bubbles
    • West, K.D. (1987) A specification test for speculative bubbles. Quarterly Journal of Economics, 102(3), 553-580.
    • (1987) Quarterly Journal of Economics , vol.102 , Issue.3 , pp. 553-580
    • West, K.D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.