@article{oai:reitaku.repo.nii.ac.jp:00000158,
 author = {籠, 義樹 and Kago, Yoshiki},
 issue = {1},
 journal = {麗澤経済研究, Reitaku International Journal of Economic Studies},
 month = {Mar},
 note = {For the usual data of individual properties, the covered period is short, and the interval　between observations is long. This study confirmed that the statistically significant model for　the fluctuation of the returns on the real estate investment is derived applying a panel data　analysis. However the model fitting yet remains to be improved.
 The structure of the model is stable on the situation that the trend of the fluctuation of the　returns is clear. That is the estimated coefficients of independent variables including the real estate index are stable on the rising trend and falling trend. But such model structure isn't　appropriate when the market trend isn't so clear, because the move of the real estate index doesn't always correlate with the move of returns of individual properties.
 This means that the hedging strategy applying the real estate index has the risk not to get　the expected hedging effect. How to predict the change of the model structure is further issue for coming studies.},
 pages = {49--56},
 title = {不動産収益率変動モデルに関する研究 --パネルデータ分析によるアプローチ--},
 volume = {18},
 year = {2010},
 yomi = {カゴ, ヨシキ}
}