Das, Sonali; Gupta, Rangan; Kaya, Patrick Agu - Department of Economics, Faculty of Economic and … - 2009
This paper analyzes whether the Law of One Price (LOOP) holds in the housing market of five metropolitan areas of South Africa, namely Cape Town, Durban, Greater Johannesburg, Port Elizabeth/Uitenhage and Pretoria. We test the existence of LOOP using the efficient unit root tests proposed by...