The study tries to explore the factors affecting the relative house price movements in the last 20 years for Taiwan as well as other countries such as the U. S., U. K, and Japan with the dynamic factor model put forward by Otrok and Terrones (2005) with a particular aim to shed light on the...

The value of Rent Multiplier (RM) for the city of Taipei has been in extraordinary magnitudes and remains to be a myth to most housing economists. Why does the RM in Taipei exhibit such a peculiarity? Is it because the populace there are so peculiar in their housing behaviours that can be held...