Das, Sonali; Gupta, Rangan; Kanda, Patrick T - Department of Economics, Faculty of Economic and … - 2010
This paper tests for house price bubbles in the South African housing market, using quarterly data from 1969:Q2 to 2009:Q3, based on the unit root test developed by Phillips et al. 2010. This test allows us to detect whether a bubble exists or not, as well as the date of emergence and collapse...