... effects both immediate from house to land and delayed from land to house, particularly in a rising market. Originality/value – The lead lag relationships of both indexes are tested using Granger causality estimates to assess whether theoretical Ricardian concepts still hold in a modern urban land...

... be effective. Granger causality Asia Listed real estate company Assistant Professor Hui-Ching Sana Hsieh can be contacted at: sana@mail.ncku.edu.tw Asian markets have attracted significant investor attention as they have grown rapidly in recent years. Real estate investment is particularly...