Art as an investment: short and long-term comovements in major painting markets
Citations
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72 citations
Cites methods from "Art as an investment: short and lon..."
...Worthington and Higgs (2003) use similar techniques to study the long- and shortterm dependencies among eight different schools of painters and the MSCI World Equity Index....
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36 citations
Cites methods from "Art as an investment: short and lon..."
...…methods have been used for calculating and analysing art returns: (i) the naïve (or arithmetic) art index method (Art Market Research 2004; Worthington and Higgs 2003; Worthington and Higgs 2004); (ii) the repeat-sales index method (Anderson 1974; Goetzmann 1993; Chanel et al. 1994;…...
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33 citations
References
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"Art as an investment: short and lon..." refers methods in this paper
...In order to examine the short-run relationships, Granger (1969) noncausality tests are specified....
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12,449 citations
"Art as an investment: short and lon..." refers methods in this paper
...A useful statistical test for determining the cointegrating rank r is proposed by Johansen (1991) and Johansen and Juselius (1990)....
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