A Frequency Domain Analysis of Common Cycles in Property and Related Sectors

Peijie Wang

Journal of Real Estate Research, 2003, vol. 25, issue 3, 325-346

Abstract: This study examines cycles and common cycles in property and related sectors in the frequency domain. The findings indicate that property shares common cycles with a number of economic sectors and, in particular, with those sectors that are the user markets of property, and lags behind in business cycle phases. Property has large coherence at most frequencies with most economic sectors, but seems to have large discrepancy with them in the cycles at the annual frequency. The property market swings more severely than the economy as a whole. However, fluctuations in the property market are considered moderate relative to those in the housing market.

Date: 2003
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2003.12091116 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjerxx:v:25:y:2003:i:3:p:325-346

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjer20

DOI: 10.1080/10835547.2003.12091116

Access Statistics for this article

Journal of Real Estate Research is currently edited by William Hardin and Michael Seiler

More articles in Journal of Real Estate Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().