ABELSON, PETER; JOYEUX, ROSELYNE; MILUNOVICH, GEORGE; … - In: The Economic Record 81 (2005) s1, pp. 96-96
This paper aims to explain changes in real house prices in Australia from 1970 to 2003. We develop and estimate a long-run equilibrium model that shows the real long-run economic determinants of house prices and a short-run asymmetric error correction model to represent house price changes in...