Chen, Sichong - In: Economics Bulletin 7 (2008) 4, pp. 1-9
We employ the Log-linearization and VAR method proposed by Campbell and Ammer (1993) to decompose the excess J-REIT … dividends combined with future excess returns account most of the movement of the J-REIT equity, while the effect of real … interest rates could almost be negligible. We also take the question further to examine whether or not the J-REIT market have …
