Ricardian causal ordering and the relation between house and land prices: evidence from England

This letter tests the relevance of the Ricardian interpretation of the causal relationship between rent and corn price for the English housing market, by testing for strong exogeneity between house and land prices. The results are mixed. On the one hand they support the weak exogeneity of house prices, while they fail to accept that land prices are Granger-caused by house prices.

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Year of publication:	1998
Authors:	Alyousha, Ahmed ; Tsoukis, Christopher
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 5.1998, 5, p. 325-328
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009196018