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Housing price-volume correlations and boom-bust cycles

Lee, Chien-chiang; Wang, Chin-yu; Zeng, Jhih-hong - In: Empirical economics : a journal of the Institute for … 52 (2017) 4, pp. 1423-1450

Persistent link: https://www.econbiz.de/10011944985

Is There a Bubble in the Chinese Housing Market?

Dreger, Christian; Zhang, Yanqun - 2011

of the bubble, the house price evolution is investigated by panel cointegration techniques. Evidence is based on a … dataset for 35 major cities. Cointegration is detected between real house prices and a set of macroeconomic determinants …

Persistent link: https://www.econbiz.de/10014044317

The Dynamic Relationship between Housing Prices and the Macroeconomy : Evidence from OECD Countries

Kishor, N. Kundan; Marfatia, Hardik - 2017

This paper studies the dynamic relationship among house prices, income and interest rates in 15 OECD countries. We find that any disequilibrium in the long-run cointegrating relationship among these variables is corrected by the subsequent movement in house prices in most of these countries....

Persistent link: https://www.econbiz.de/10014123253

The Asymmetric Wealth Effect in the US Housing and Stock Markets : Evidence from the Threshold Cointegration Model

Tsai, I-Chun; Lee, Cheng‐Feng; Chiang, Ming-Chu - 2012

threshold cointegration model to investigate the potential asymmetric relationships between the two markets. Our empirical … results reveal that cointegration exists among the markets, but adjustments toward its long-run equilibrium are asymmetric …

Persistent link: https://www.econbiz.de/10014162598