Purpose – An economic indicator faces two requirements. It should be reported in a timely manner and should not be significantly altered afterward to avoid erroneous messages. At the same time, it should reflect changing market conditions constantly and appropriately. These requirements are...

Purpose – China's real estate market is rampantly expanding. The purpose of this paper is to examine the factors underpinning China's real estate price escalation from 1998 to 2009. Design/methodology/approach – Cointegration approach, vector error correction model and Granger causality test...

Purpose – The purpose of this paper is to use data on new apartment offerings in the municipality of Sao Paulo, Brazil to illustrate its main claim that the hedonic direct method using time dummies as well as the simple average method include cyclical behavior of observables and...

Purpose The purpose of this paper is twofold. First, the authors investigate the main drivers of house prices in the Hong Kong housing market. Second, further research is undertaken to confirm the existence of house price overvaluation, which has driven the market into a bubble episode....

Purpose This paper aims to examine the effects of “quality” as well as fundamentals on house prices in eight capital cities in Australia from 1985-2011. Two types of quality are considered: housing quality, proxied by “value of alterations and additions”, “value of new residential...

Purpose – This paper aims to analyze the impact of common monetary policy shocks on house prices at national and capital city levels of aggregation, using Australian data and the Lastrapes (2005) two-part structural vector autoregressive (SVAR) empirical method. Design/methodology/approach –...

Purpose – The aim of the paper is to highlight the differences between the corporate governance systems in Anglo‐Saxon and Continental European countries, and to argue that legal convergence or isomorphism may become more of a problem than a solution in countries where an issue like minority...

Purpose – The purpose of this paper is to establish a model to study the determinants of financial flows, portfolio and foreign direct investment (FDI) flows, and the impact of these determinants on economic variables in samples of developing and advanced countries. The analysis then turns to...

Purpose – The purpose of this paper is to examine the dynamics between real gross domestic product (GDP), foreign earnings, development assistance and debt servicing in Bangladesh, 1973‐2008, with the incorporation of a structural break after 1990. Design/methodology/approach – A vector...

The hypothesis that the growth in total GNP can also be explained by other factors than the growth in total inputs (capital and labour) and their respective productivities is analysed by the use of 1960‐1985 OECD country data. The OLS estimations of the models of embodied and disembodied...