The Inflation Hedging Ability of Real Estate in China
Zhou, Xiaorong, Clements, Sherwood, Journal of Real Estate Portfolio Management
Executive Summary.
The investigation of the inflation hedging ability of real estate is very timely in view of the current widespread rising inflation expectations in the People's Republic of China. An autoregressive distributive lag (ARDL) cointegration technique is used to examine the long-run relationship between inflation and Chinese real estate prices. The study covers the time period from 2000 to 2008, which is after the privatization of real estate in China. Overall, no long-run equilibrium relationship between real estate price changes and inflation rate is found. Thus, Chinese real estate is not an effective inflation hedging asset.
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Publication information:
Article title: The Inflation Hedging Ability of Real Estate in China.
Contributors: Zhou, Xiaorong - Author, Clements, Sherwood - Author.
Journal title: Journal of Real Estate Portfolio Management.
Volume: 16.
Issue: 3
Publication date: September-December 2010.
Page number: 267+.
© American Real Estate Society Oct-Dec 2008.
Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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