Search Results - subject:"dynamic Gordon growth model"

What moves the German land market? A decomposition of the land rent-price ratio

Plogmann, Jana; Mußhoff, Oliver; Odening, Martin; … - 2018

first indicator of the profitability of an investment in land. In this paper, we apply the dynamic Gordon growth model to …

Persistent link: https://www.econbiz.de/10012149953

What moves the German land market? : a decomposition of the land rent-price ratio

Plogmann, Jana; Mußhoff, Oliver; Odening, Martin; … - Agricultural Land Markets - Efficiency and Regulation - 2018

first indicator of the profitability of an investment in land. In this paper, we apply the dynamic Gordon growth model to …

Persistent link: https://www.econbiz.de/10012012452

Housing market volatility in the OECD area: Evidence from VAR based return decompositions

Engsted, Tom; Pedersen, Thomas Q. - School of Economics and Management, University of Aarhus - 2013

Vector-autoregressive models are used to decompose housing returns in 18 OECD countries into cash ?ow (rent) news and discount rate (return) news. Only for two countries - Germany and Ireland - do changing expectations of future rents play a dominating role in explaining housing return...

Persistent link: https://www.econbiz.de/10010851224

Predicting returns and rent growth in the housing market using the rent-to-price ratio: Evidence from the OECD countries

Engsted, Tom; Pedersen, Thomas Q. - School of Economics and Management, University of Aarhus - 2012

restricted VAR framework based on the dynamic Gordon growth model. This model implies restrictions across the VAR parameters that …

Persistent link: https://www.econbiz.de/10010851254