Showing 1 - 10 of 15,117
Persistent link: https://www.econbiz.de/10011698013
This study revisits the import demand function for Turkey using the newly defined national income data and examines the …
Persistent link: https://www.econbiz.de/10012000879
Lag (ARDL)-bound test model. The empirical results indicate a significant evidence of cointegration. Indicatively, an …
Persistent link: https://www.econbiz.de/10012107815
prices. We employ correlations, innovative trend and gap approaches, and cointegration analysis to study the long …
Persistent link: https://www.econbiz.de/10014516256
using 27 years of national-level data do not find evidence of cointegration. However, it is known that tests for … cointegration have low power, especially in small samples. I use panel-data tests for cointegration that have been shown to be more … powerful than their standard time-series counterparts to test for cointegration in a panel of 95 metro areas over 23 years …
Persistent link: https://www.econbiz.de/10014084461
In light of the steep increase of home prices and rents in Israel in 2009-2010, we identified and quantified the macroeconomic variables that influenced these prices between 1999 and 2010. Estimating an error-correction model and a difference equation model, we found that the monetary interest...
Persistent link: https://www.econbiz.de/10012904537
Die aktuellen Finanzmarktturbulenzen wurden durch Entwicklungen im Immobiliensektor ausgelöst. Vor diesem Hintergrund analysiert dieser Beitrag den Zusammenhang zwischen den Immobilienpreisen und der Geldmengen- und Kreditvolumensentwicklung für den Zeitraum 1992 -2006 (westdeutsche...
Persistent link: https://www.econbiz.de/10003904552
This paper aims to estimate a long-term equilibrium price level for the Hungarian housing market by identifying key underlying macroeconomic factors. For this, in line with the empirical literature, a vector error correction model is employed. The housing market price level is mapped by the...
Persistent link: https://www.econbiz.de/10011603937
A house is a bundle of land and improvements, with the weights of the two components varying both over time and across locations. We capture the land intensity or 'leverage' of a property by measuring the ratio of land to total value. This is accomplished using transactions data for single...
Persistent link: https://www.econbiz.de/10008797756
This paper studies the dynamic relationship among house prices, income and interest rate in 15 OECD countries. We find that any disequilibrium in the long-run cointegrating relationship among these variables is corrected by the subsequent movement in house prices in most of these countries. This...
Persistent link: https://www.econbiz.de/10013039935