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Dynamics of the global fine art market prices
Language
EN
Article de revue
This item was published in
Quarterly Review of Economics and Finance. 2019-06-01, vol. 76, p. 167-180
English Abstract
This article examines the short- and long-run linkages among art market indexes between 1998 and 2016 using cointegration procedures, the Granger noncausality test and the Error Correction Model. These art indexes are ...Read more >
This article examines the short- and long-run linkages among art market indexes between 1998 and 2016 using cointegration procedures, the Granger noncausality test and the Error Correction Model. These art indexes are examined by category: global, art method, time, and currency/country. The results indicate that there are a few causal linkages between art market indexes, notably that there is feedback between a few markets. These moderate causal links between art market indexes would indicate that there are many opportunities for diversification for practitioners, investors and collectors.Read less <
English Keywords
Art
Cointegration
Dynamics
Index