Non-temporal components of residential real estate appreciation
Article Abstract:
The elements of capital appreciation returns in an asset market are segregated into fixed and stochastic groupings. A research study shows the effects of a neglected transaction micro-economics in asset markets on the aggregate time series behavior of asset prices. Individual asset returns are divided into time-related and non-time portions and an econometric model is used to differentiate both return components and estimate their means and variances. The differences, as seen from the country's housing conditions, shows the significance of the distinctions between temporal and non-temporal components.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1995
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The central tendency: a second factor in bond yields
Article Abstract:
The existence of central tendency, a second factor influencing the conditional mean of the one-month rate, was established after an assessment was made on bond yields with varying maturities. Central tendency results as conditional mean of the one-month rate is justified by bond yields with varying maturities. Such condition existed eventhough manipulation was made on one-month rate's current level effect.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1998
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