Fig. 4: The dynamic conditional correlation coefficient of the real estate industry and upstream and downstream industries.
From: Risk spillover in China’s real estate industry chain: a DCC-EGARCH-ΔCoVaR model
RECO stands for Real Estate-Construction, REHA stands for Real Estate-Home Appliance, REHS stands for Real Estate-Household Goods, and REMA stands for Real Estate-Building Materials.
