Mikhed, Vyacheslav; Zemcik, Petr - 2008
We employ recently developed cross-sectionally robust panel data tests for unit roots and cointegration to find whether … ten-year periods, price-rent ratios, and the panel data tests to construct a bubble indicator. The indicator is high for … the late 1980s, early 1990s and since the late 1990s for both panels. Finally, evidence based on panel data Granger …
