This study revisits the relationship between securitized real estate and local stock markets by focusing on their time-scale co-movement and contagion dynamics across five developed countries. Since securitized real estate market is an important capital component of the domestic stock market in...

This paper investigates convergence patterns among 113 market economies. Incorporating different grouping methods, both ADF and KPSS tests are used to examine whether countries converge to the group average. The test results support the finding of a "convergence club," specifically, that the...