Previous studies commonly use a linear framework to investigate the long-run equilibrium relationship between the housing and stock markets. The linear approaches may not be appropriate if adjustments from disequilibrium are asymmetric in both markets. Nonlinear adjustments are likely to be...

This study examines whether mean reversion in REIT prices presents an asymmetric behavior across various quantiles. Distinguished from previous literature that applied the traditional linear unit-root test, a state-of-the-art quantile unit-root test is employed to identify financial asset...

An impervious surface cover is continuously spreading over the Wu-Tu upstream watershed due to the concentrated population and raised economical demands, while that area also frequently suffers from heavy storms or typhoons during the summer season. The increased flood volume due to this...

This study mainly explores effects of urbanization factors on hydrograph parameters. Urbanization impacts of the developing watershed are evaluated based on rainfall–runoff simulations. A total of 51 rainfall–runoff events occurred from 1966 to 2002. Forty of these were calibrated, and...