{"id":"https://openalex.org/W1486523779","doi":"https://doi.org/10.1108/ijmf-10-2013-0108","title":"Real estate market cyclical dynamics","display_name":"Real estate market cyclical dynamics","publication_year":2014,"publication_date":"2014-04-01","ids":{"openalex":"https://openalex.org/W1486523779","doi":"https://doi.org/10.1108/ijmf-10-2013-0108","mag":"1486523779"},"language":"en","primary_location":{"id":"doi:10.1108/ijmf-10-2013-0108","doi":"https://doi.org/10.1108/ijmf-10-2013-0108","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijmf-10-2013-0108","pdf_url":null,"source":{"id":"https://openalex.org/S79989894","display_name":"International Journal of Managerial Finance","issn_l":"1743-9132","issn":["1743-9132","1758-6569"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Managerial Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5113915537","display_name":"Kim Hin David Ho","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I165932596","display_name":"National University of Singapore","ror":"https://ror.org/01tgyzw49","country_code":"SG","type":"education","lineage":["https://openalex.org/I165932596"]}],"countries":["SG"],"is_corresponding":false,"raw_author_name":"Kim Hin/David Ho","raw_affiliation_strings":["Department of Real Estate, National University of Singapore, Singapore, Singapore"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Real Estate, National University of Singapore, Singapore, Singapore","institution_ids":["https://openalex.org/I165932596"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5070103849","display_name":"Kwame Addae\u2010Dapaah","orcid":"https://orcid.org/0000-0002-3212-4142","observed_orcids":["https://orcid.org/0000-0002-3212-4142"]},"institutions":[{"id":"https://openalex.org/I165932596","display_name":"National University of Singapore","ror":"https://ror.org/01tgyzw49","country_code":"SG","type":"education","lineage":["https://openalex.org/I165932596"]}],"countries":["SG"],"is_corresponding":false,"raw_author_name":"Kwame Addae-Dapaah","raw_affiliation_strings":["Department of Real Estate, National University of Singapore, Singapore, Singapore"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Real Estate, National University of Singapore, Singapore, Singapore","institution_ids":["https://openalex.org/I165932596"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I165932596"],"apc_list":null,"apc_paid":null,"fwci":3.0013,"has_fulltext":false,"cited_by_count":8,"citation_normalized_percentile":{"value":0.91718171,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"10","issue":"2","first_page":"241","last_page":"262"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14390","display_name":"Real estate and construction management","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/2215","display_name":"Building and Construction"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/real-estate-cycles","display_name":"real estate cycles","score":0.8769999742507935},{"id":"https://openalex.org/keywords/office-real-estate","display_name":"office real estate","score":0.7670000195503235},{"id":"https://openalex.org/keywords/residential-real-estate","display_name":"residential real estate","score":0.7329999804496765},{"id":"https://openalex.org/keywords/office-rents","display_name":"office rents","score":0.8149999976158142},{"id":"https://openalex.org/keywords/capital-value","display_name":"capital value","score":0.781000018119812},{"id":"https://openalex.org/keywords/initial-yield","display_name":"initial yield","score":0.4440000057220459},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.5580000281333923},{"id":"https://openalex.org/keywords/hong-kong","display_name":"Hong Kong","score":0.7160000205039978},{"id":"https://openalex.org/keywords/kuala-lumpur","display_name":"Kuala Lumpur","score":0.9660000205039978},{"id":"https://openalex.org/keywords/singapore","display_name":"Singapore","score":1.0},{"id":"https://openalex.org/keywords/asian-cities","display_name":"Asian cities","score":0.4729999899864197},{"id":"https://openalex.org/keywords/impulse-response-functions","display_name":"impulse response functions","score":0.7070000171661377},{"id":"https://openalex.org/keywords/real-estate-investment-decisions","display_name":"real estate investment decisions","score":0.5450000166893005}],"concepts":[{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.8776753544807434},{"id":"https://openalex.org/C106866004","wikidata":"https://www.wikidata.org/wiki/Q264259","display_name":"Economic rent","level":2,"score":0.795333981513977},{"id":"https://openalex.org/C85502023","wikidata":"https://www.wikidata.org/wiki/Q157171","display_name":"Renting","level":2,"score":0.6717987060546875},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.5464193224906921},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.46996352076530457},{"id":"https://openalex.org/C112136304","wikidata":"https://www.wikidata.org/wiki/Q5035804","display_name":"Capitalization rate","level":4,"score":0.4693124294281006},{"id":"https://openalex.org/C38815200","wikidata":"https://www.wikidata.org/wiki/Q697852","display_name":"Real estate investment trust","level":3,"score":0.4631238877773285},{"id":"https://openalex.org/C502083482","wikidata":"https://www.wikidata.org/wiki/Q695829","display_name":"Real estate development","level":3,"score":0.4178589880466461},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3827802538871765},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.37087535858154297},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3440467119216919},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.21557435393333435},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.18732237815856934},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.13791126012802124},{"id":"https://openalex.org/C147176958","wikidata":"https://www.wikidata.org/wiki/Q77590","display_name":"Civil engineering","level":1,"score":0.07947167754173279}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1108/ijmf-10-2013-0108","doi":"https://doi.org/10.1108/ijmf-10-2013-0108","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijmf-10-2013-0108","pdf_url":null,"source":{"id":"https://openalex.org/S79989894","display_name":"International Journal of Managerial Finance","issn_l":"1743-9132","issn":["1743-9132","1758-6569"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Managerial Finance","raw_type":"journal-article"},{"id":"pmh:oai:scholarbank.nus.edu.sg:10635/113961","doi":null,"is_oa":false,"landing_page_url":"http://scholarbank.nus.edu.sg/handle/10635/113961","pdf_url":null,"source":{"id":"https://openalex.org/S7407052290","display_name":"National University of Singapore","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Scopus","raw_type":"Article"},{"id":"pmh:oai:RePEc:eme:ijmf00:ijmf-10-2013-0108","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/IJMF-10-2013-0108.html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:ijmfpp:v:10:y:2014:i:2:p:241-262","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/IJMF-10-2013-0108/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:eprints.ucl.ac.uk.OAI2:1503251","doi":null,"is_oa":false,"landing_page_url":"https://discovery.ucl.ac.uk/id/eprint/1503251/","pdf_url":null,"source":{"id":"https://openalex.org/S4306400024","display_name":"UCL Discovery (University College London)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I45129253","host_organization_name":"University College London","host_organization_lineage":["https://openalex.org/I45129253"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Managerial Finance , 10 (2) pp. 241-262. (2014)","raw_type":"Article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.8787999749183655,"display_name":"Sustainable cities and communities","id":"https://metadata.un.org/sdg/11"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":17,"referenced_works":["https://openalex.org/W1525322438","https://openalex.org/W1575985025","https://openalex.org/W1900421358","https://openalex.org/W1991135386","https://openalex.org/W2009622132","https://openalex.org/W2019459021","https://openalex.org/W2023508497","https://openalex.org/W2041789864","https://openalex.org/W2053989536","https://openalex.org/W2065189236","https://openalex.org/W2081563539","https://openalex.org/W2085674418","https://openalex.org/W2094395303","https://openalex.org/W2129726825","https://openalex.org/W2137291659","https://openalex.org/W2221428123","https://openalex.org/W2342889940"],"related_works":["https://openalex.org/W7070737254","https://openalex.org/W7098511287","https://openalex.org/W4241838582","https://openalex.org/W580696873","https://openalex.org/W2002043175","https://openalex.org/W2349841885","https://openalex.org/W2784605189","https://openalex.org/W2385590225","https://openalex.org/W7111006946","https://openalex.org/W1170228923"],"abstract_inverted_index":{"Purpose":[0],"\u2013":[1,148,231,354,421],"The":[2,27,41,109,232,271,344,355,422,465],"purpose":[3],"of":[4,34,164,183,187,210,365,390,417,431,441,459,471,474,478,492,500],"this":[5],"paper":[6],"is":[7,52,72,106],"to":[8,91,102,117,320,330,348],"help":[9,118],"us":[10],"understand":[11,119],"the":[12,30,48,56,64,68,76,87,93,120,131,139,177,184,195,249,288,333,341,432,447,469,472,475,480,486,498,501],"real":[13,49,69,212,219,225,324,367,372,392,399,411,433],"estate":[14,50,70,150,213,220,226,325,368,373,393,400,412,434],"cycle":[15,51,59,71,89,327],"and":[16,39,78,84,134,144,154,166,180,191,207,242,253,258,267,281,294,300,309,361,375,387,414,454,463,488,495],"offers":[17,160,358,384,425],"an":[18,161,205,385],"analysis":[19],"using":[20],"a":[21,171,322,359,409,426,438],"vector":[22],"auto":[23],"regression":[24],"(VAR)":[25],"model.":[26],"authors":[28,42,110],"study":[29],"key":[31,45],"international":[32,371,418],"cities":[33,65,186],"Hong":[35,192],"Kong,":[36],"Kuala":[37,188],"Lumpur":[38],"Singapore.":[40],"find":[43],"four":[44],"outcomes.":[46,125],"One,":[47],"generally":[53],"different":[54],"from":[55],"underlying":[57],"business":[58],"in":[60,75,82,130,194,378],"local":[61,132],"markets":[62,136],"for":[63,138,175,237,260,276,302,317,332,340,370],"studies.":[66],"Two,":[67],"more":[73],"exaggerated":[74],"construction":[77,99,135,142],"development":[79],"areas":[80],"than":[81],"rents":[83,252,269,494],"vacancies.":[85],"Three,":[86],"vacancy":[88,105,145,453],"tends":[90],"lead":[92],"rental":[94,234],"cycle.":[95],"And":[96],"four,":[97],"new":[98],"completions":[100],"tend":[101],"peak":[103],"when":[104,497],"also":[107,203,484],"peaking.":[108],"believe":[111],"that":[112,122,337,445],"future":[113],"research":[114],"should":[115],"try":[116],"linkages":[121],"drive":[123],"these":[124],"For":[126],"example,":[127],"are":[128,255,297,338],"rigidities":[129],"permit":[133],"responsible":[137],"link":[140],"between":[141],"peaks":[143],"peaks?":[146],"Design/methodology/approach":[147],"Real":[149],"market":[151,214,221,227,326,394,401],"cyclical":[152,215,395],"dynamics":[153,216,396],"its":[155],"estimation":[156],"via":[157],"VAR":[158,235,274,335,356,466],"model":[159,236,275,357,424,429,467],"insightful":[162,208,388],"set":[163],"practical":[165],"empirical":[167],"models.":[168],"It":[169,483],"affirms":[170],"comprehensive":[172],"theoretical":[173,423],"underpinning":[174],"analysing":[176],"prime":[178],"office":[179,233,272],"residential":[181],"sectors":[182],"capitol":[185],"Lumpur,":[189],"Singapore":[190,238,277],"Kong":[193],"fast":[196],"developing":[197],"Asia":[198],"region.":[199],"Its":[200,381],"unrestricted":[201,382],"form":[202,383],"provides":[204],"effective":[206,386],"way":[209,389],"modelling":[211,391],"utilising":[217,397],"only":[218,398],"indicators,":[222,402],"furnished":[223],"by":[224,408],"data":[228],"providers.":[229],"Findings":[230],"(SOR),":[239],"KL":[240,279],"(KOR)":[241],"HK":[243,282],"(HOR)":[244],"show":[245,284],"good":[246,285],"fits.":[247,286],"In":[248,287],"HOR":[250],"model,":[251,290],"vacancies":[254],"negatively":[256,298],"signed":[257,299],"significant":[259,301],"certain":[261,303],"lagged":[262,304,476],"relationships":[263,305],"with":[264,268,306,310],"other":[265,307],"variables":[266,308,369,481],"themselves.":[270,312],"CV":[273],"(SOCV),":[278],"(KOCV)":[280],"(HOCV)":[283],"HOCV":[289],"capital":[291],"values":[292,477],"(CVs)":[293],"initial":[295],"yields":[296],"CVs":[311,496],"Impulse":[313],"response":[314,461],"functions":[315],"specified":[316],"seven":[318],"years":[319],"mirror":[321],"medium-term":[323],"\u201cdie":[328],"out\u201d":[329],"zero":[331],"stationary":[334],"models":[336],"estimated":[339],"endogenous":[342],"variables.":[343],"accumulated":[345],"responses":[346],"asymptote":[347],"some":[349],"non-zero":[350],"constant.":[351],"Practical":[352],"implications":[353],"complete":[360,427],"meaningful":[362],"dynamic":[363,428],"system":[364,430,440],"solely":[366],"investors":[374],"policy":[376],"makers":[377],"decision":[379],"making.":[380],"which":[403],"can":[404,503],"be":[405,504],"reliably":[406],"provided":[407],"dedicated":[410],"information":[413],"consultancy":[415],"provider":[416],"standing.":[419],"Originality/value":[420],"space":[435],"market,":[436],"comprising":[437],"unique":[439],"six":[442],"linked":[443],"equations":[444],"denote":[446],"relationship":[448],"among":[449],"supply,":[450],"demand,":[451],"construction,":[452],"rent":[455],"over":[456],"time,":[457],"inclusive":[458],"price":[460],"slopes":[462],"lags.":[464],"enables":[468,485],"investigation":[470],"effect":[473],"all":[479],"concerned.":[482],"explicit":[487],"rigorous":[489],"quantitative":[490],"forecasts":[491],"say":[493],"rest":[499],"variable":[502],"forecasted":[505],"beforehand.":[506]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
