Author: William L. Attebery and Ronald C. Rutherford

Start Page: 377
End Page: 386
Volume: 8
Issue Number: 3
Year: 1993
Publication: Journal of Real Estate Research

Abstract: This study employs a multivariate Granger-causality procedure to examine causal relationships between selected economic and financial variables and industrial real estate prices. Empirical results indicate that relationships between several of these variables' lagged values and current values of price exist. We also find a significant relationship between past and current prices.