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Do House Prices Reflect Fundamentals? Aggregate and Panel Data Evidence
Mikhed, Vyacheslav; Zemcik, Petr - Center for Economic Research and Graduate Education and … - 2007
We investigate whether recently high U.S. house prices are justified by fundamental factors. The standard unit root and cointegration tests with aggregate data indicate that house rent is the only fundamental which has the same order of integration as the price, but these two variables are not...
Persistent link: https://www.econbiz.de/10005086599
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Testing for Bubbles in Housing Markets: A Panel Data Approach
Mikhed, Vyacheslav; Zemcik, Petr - Center for Economic Research and Graduate Education and … - 2007
our full sample periods, an error-correction model is not appropriate, i.e. there is a bubble. We then combine overlapping … ten-year periods, price-rent ratios, and the panel data tests to construct a bubble indicator. The indicator is high for …
Persistent link: https://www.econbiz.de/10005086642
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Testing for Bubbles in Housing Markets: A Panel Data Approach
Mikhed, Vyacheslav; Zemčík, Petr - In: The Journal of Real Estate Finance and Economics 38 (2009) 4, pp. 366-386
Persistent link: https://www.econbiz.de/10005810406
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Immobilienkrise?: Warum in Deutschland die Preise seit Jahren stagnieren
Kholodilin, Konstantin A.; Menz, Jan-Oliver; … - In: DIW Wochenbericht 75 (2008) 17, pp. 214-220
Die derzeitigen Turbulenzen auf den Immobilienmärkten in Ländern wie den USA und Spanien verstellen den Blick auf die längerfristige Entwicklung der realen Immobilienpreise. Während sie in den vergangenen Jahren in vielen westlichen Industrieländern deutlich anzogen, stagnieren sie...
Persistent link: https://www.econbiz.de/10011601808
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Immobilienkrise?: Warum in Deutschland die Preise seit Jahren stagnieren
Kholodilin, Konstantin A.; Menz, Jan-Oliver; … - In: DIW Wochenbericht 75 (2008) 17, pp. 214-220
Die derzeitigen Turbulenzen auf den Immobilienmärkten in Ländern wie den USA und Spanien verstellen den Blick auf die längerfristige Entwicklung der realen Immobilienpreise. Während sie in den vergangenen Jahren in vielen westlichen Industrieländern deutlich anzogen, stagnieren sie...
Persistent link: https://www.econbiz.de/10005071037
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The influence of housing price developments on household consumption : empirical analysis for the Czech Republic
Dvořáková, Sylvie; Seidler, Jakub - 2012
This paper studies how the change of wealth of households represented by housing prices and stock market prices influences households' consumption. We provide empirical analysis based on the Czech aggregate data from 1998-2009. We analyse the effect of change in households' wealth on the...
Persistent link: https://www.econbiz.de/10009613272
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An ARDL Approach on Crude Oil Price and Macroeconomic Variables
Phoong, Seuk Wai - 2019
Objective - The removal of fuel subsidies by the Malaysian government in 2014 has been implement with the managed float system for fuel prices.Methodology/Technique - This study investigates the impact of the managed floating system of crude oil prices on the Malaysian economy using ARDL...
Persistent link: https://www.econbiz.de/10012889606
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Modeling regional house prices
Dijk, Bram van; Franses, Philip Hans; Paap, Richard; … - 2008
Persistent link: https://www.econbiz.de/10003754166
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Dynamic relationship between house prices in Malaysia's major economic regions and Singapore house prices
Fereidouni, Hassan Gholipour; Al-Mulali, Usama; Lee, … - In: Regional studies 50 (2016) 4, pp. 657-670
Persistent link: https://www.econbiz.de/10011708241
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Detecting long-run relationships in regional house prices in the UK
Cook, Steven - In: International Review of Applied Economics 19 (2005) 1, pp. 107-118
Recent developments in the analysis of cointegration in the presence of asymmetric adjustment are extended and applied to data on regional house prices in the UK. This extension is found to have a dramatic impact upon the results derived. In contrast to recent studies employing standard methods,...
Persistent link: https://www.econbiz.de/10005482752