Dijk, Bram van; Franses, Philip Hans; Paap, Richard; … - 2008
known as the ripple efiect, and (iii) the relationship of
house prices with economic growth and other variables. Applying … regions, with pronounced difierences in house price dynamics.
Keywords: cross-section dependence, cointegration, ripple efiect … possibility that
house prices in some regions grow faster than in others. The second question concerns
the so-called ripple efiect …