Das, Sonali; Gupta, Rangan; Kabundi, Alain - In: Journal of Housing Economics 18 (2009) 4, pp. 325-335
This paper develops large-scale Bayesian Vector Autoregressive (BVAR) models, based on 268 quarterly series, for forecasting annualized real house price growth rates for large-, medium- and small-middle-segment housing for the South African economy. Given the in-sample period of 1980:01-2000:04,...