International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies

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:: International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies

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ISSN 2228-9860
eISSN 1906-9642
CODEN: ITJEA8


FEATURE PEER-REVIEWED ARTICLE

Vol.12(11) (2021)

  • Modeling the Relationship between Stock Market and Real Estate Market in Vietnam: A Time Series Analysis

    Thu-Trang Thi Doan, Toan Ngoc Bui(Faculty of Finance and Banking, Industrial University of Ho Chi Minh City (IUH), VIETNAM).

    Disciplinary: Economics, Econometrics and Finance.

    ➤ FullText

    doi: 10.14456/ITJEMAST.2021.225

    Keywords: Stock market depth; Stock market access; Stock market efficiency; Real estate market; Emerging economy; Net trading value of foreign investors (TFI); Stock market concentration.

    Abstract
    This paper focuses on the relationship between the stock market (SM) and the real estate market (REM) in Vietnam. This paper utilized the quarterly data of the SM and the REM over a period of more than 14 years. The Autoregressive Distributed Lag (ARDL) method is used to analyse the relationship between the SM and REM in Vietnam. This study concludes that the SM access and the SM efficiency play an important role in promoting the development of the REM in the short and long term. However, the trading value of foreign investors in Vietnam's SM is limited and unstable. This has created a negative impact on the REM in the short term. Nevertheless, this study has not found the impact of the REM on the SM in Vietnam in both short term and long term. This is, perhaps, the first paper to look into the relationship between the SM and the REM in Vietnam. In particular, this study measured the SM through the three criteria including SM depth, SM access, and SM efficiency. Compared to previous studies, the measurement used in this study is more interesting because it reflects the multi-dimensional nature of the SM.

    Paper ID: 12A11O

    Cite this article:

    Doan, T.-T. T., and Bui, T. N. (2021). Modeling the Relationship between Stock Market and Real Estate Market in Vietnam: A Time Series Analysis. International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies, 12(11), 12A11O, 1-10. http://doi.org/10.14456/ITJEMAST.2021.225



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Other issues:
Vol.12(12)(2021)
Vol.12(11)(2021)
Vol.12(10)(2021)
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