convergence and analyses key factors explaining price differentials in a panel regression framework including per capita income … synchronised cycles in the national aggregates for most countries since the 1990s. There is an important role for income … income elasticity for house price differentials. The results, particularly for income, appear to be robust to restricting the …

convergence and analyses key factors explaining price differentials in a panel regression framework including per capita income … synchronised cycles in the national aggregates for most countries since the 1990s. There is an important role for income … income elasticity for house price differentials. The results, particularly for income, appear to be robust to restricting the …

imperfectly identified. We quantify the relative statistical impact of income, unemployment, house prices, credit scores, debt … needs to allow for multiple determinants of consumption. Unemployment, income, and debt are important determinants of …

-called superstar cities in which housing is so inelastically supplied that it becomes unaffordable, as higher-income families outbid … implications for growth and income distribution. There is not a great deal of data available to examine trends in Accra, so our … equations allows us to infer Accra's housing supply elasticity. Taken together, our approaches suggest that lower-income …