In this paper, we consider the dynamic features of house price in metropolises that are characterised by a high degree of internationalisation. Using a generalised smooth transition (GSTAR) model we show that the dynamic symmetry in house price cycles is strongly rejected for the housing markets...

In this paper we examine house price synchronization in 15 global cities using real house price data from 1995:Q1-2020:Q2. We find that although there is evidence for bilateral positive phase synchronization, there is no evidence for an integrated global housing market for our sample of cities....

"'Degrowth', a type of 'postgrowth', is becoming a strong political, practical and cultural movement for downscaling and transforming societies beyond capitalist growth and non-capitalist productivism to achieve global sustainability and satisfy everyone's basic needs. This groundbreaking...