single housing market across these cities, then the economic forces that lead to such convergence must be other than … commuting arbitrage forces that have been posited as driving convergence in densely populated countries such as the United …

This paper investigates the long-run convergence of regional house prices in the UK. Using a variety of econometric … analysis with unit root testing to throw new light on the regional convergence debate. Using mix-adjusted quarterly house price … stochastic trends with, at best, very weak evidence of long-run convergence. However, testing for the stationarity of the largest …

In this paper we examine long-run house price convergence across US states using a novel econometric approach advocated … convergence based on the percentage of unit root rejections among all state house price differentials. Using a sieve bootstrap … procedure, we construct confidence intervals and find evidence in favour of convergence. We also conclude that speed of …