Balcilar, Mehmet; Gupta, Rangan; Miller, Stephen M. - Department of Economics, Faculty of Economic and … - 2013
This paper considers the role of the real housing price in the Great Depression. More specifically, we examine … structural stability of the relationship between the real housing price and real GDP per capita. We test for structural change in … relationships between the real housing price and real GDP per capita to determine if these relationships experienced structural …