Assesing the Volatility Spillovers Between Real Estate Investment Trust's and Stock Markets: A Secondary Data Approach on Emerging Markets

The Real Estate Investment Trust is a very important component of the financial system around the globe, offering investors exposure to income-generating real estate assets without ownership. These investment vehicles provide a diversified, liquid, and professionally managed alternative to traditional real estate investments. Over the years, REITs have gained increasing prominence in both developed and emerging markets, playing a crucial role in capital allocation within the real estate sector. Emerging economies have seen a rise in REIT activity as part of their financial market expansion and economic growth strategies