In this paper we examine long-run house price convergence across US states using a novel econometric approach advocated … convergence based on the percentage of unit root rejections among all state house price differentials. Using a sieve bootstrap … procedure, we construct confidence intervals and find evidence in favour of convergence. We also conclude that speed of …

In this paper we examine long-run house price convergence across US states using a novel econometric approach advocated … convergence based on the percentage of unit root rejections among all state house price differentials. Using a sieve bootstrap … procedure, we construct confidence intervals and find evidence in favour of convergence. We also conclude that speed of …

Long-run income convergence is investigated in the US context. We employ a novel pair-wise econometric procedure based … on a probabilistic definition of convergence. The time-series properties of all the possible regional income pairs are … distinguish between the cases of strong convergence, where the implied cointegrating vector is [1,-1], and weak convergence, where …

Long-run income convergence is investigated in the US context. We employ a novel pair-wise econometric procedure based … on a probabilistic definition of convergence. The time-series properties of all the possible regional income pairs are … distinguish between the cases of strong convergence, where the implied cointegrating vector is [1,-1], and weak convergence, where …

This paper investigates the long-run convergence of regional house prices in the UK. Using a variety of econometric … analysis with unit root testing to throw new light on the regional convergence debate. Using mix-adjusted quarterly house price … stochastic trends with, at best, very weak evidence of long-run convergence. However, testing for the stationarity of the largest …

single housing market across these cities, then the economic forces that lead to such convergence must be other than … commuting arbitrage forces that have been posited as driving convergence in densely populated countries such as the United …