Kan, Kamhon; Kwong, Sunny Kai-Sun; Leung, Charles Ka-Yui - In: Journal of Regional Science 44 (2004) 1, pp. 95-123
This article investigates the dynamics of property prices and their interaction with output growth in a general equilibrium model. Closed form solutions and testable hypotheses are derived from a mildly restricted version of the model. The testable hypotheses are broadly supported empirically....
