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Corresponding Author:
Safa Al-Mohana, Department of Economics and Finance, College of Business and Economics, UAE University, Al Ain, UAE

Corresponding Coauthors:
Abdulnasser Hatemi-J, Department of Economics and Finance, College of Business and Economics, UAE University, Al Ain, UAE

The Impact of Recent Crisis on the Real Estate Market in the UAE: Evidence from Asymmetric Methods

(pp. 389-428)
JEL classification: C32, F16, G15
Keywords: Asymmetric Impacts, Real Estate Markets, Crisis, UAE

Abstract

We explore empirically the impact of the world real estate crisis on the UAE real estate market. We consider the Global Financial Crisis (GFC) in our investigation. Besides the asymmetric causality test methods we also use recently developed asymmetric generalized impulse response functions and variance decompositions, which separate the effect of positive shocks from those of negative ones. The empirical results that this paper provides can be very informative and useful for both investors and policy makers.


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Institute for International Economics
of the Genoa Chamber of Commerce


Istituto di Economia Internazionale
Camera di Commercio di Genova
Via Garibaldi, 4 (III piano) - 16124 Genova (Italy)
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