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dc.contributor.authorDemir, Caner
dc.contributor.authorYildirim, Mustafa Ozan
dc.date.accessioned2018-04-06T08:47:09Z
dc.date.available2018-04-06T08:47:09Z
dc.date.issued2017
dc.identifier.citationEkonomická revue. 2017, roč. 20, č. 1, s. 5-15 : il.cs
dc.identifier.issn1212-3951
dc.identifier.urihttp://hdl.handle.net/10084/125677
dc.description.abstractThis study examines whether housing prices converged in OECD countries over the 1996–2015 period. The unconditional and conditional convergence hypotheses are tested via the system-GMM method using five-year span panel data of twenty OECD countries. The results reveal that there exists a significant convergence process within this country group. To test the conditional convergence hypothesis, the convergence equation is estimated also with some control variables that may reflect market activity and demand side impacts such as income level, construction, unemployment rate, permits for dwellings and share prices. The findings show that the speed of convergence is even higher when the above-mentioned variables are controlled.cs
dc.format.extent1030171 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.publisherVysoká škola báňská - Technická univerzita Ostravacs
dc.relation.ispartofseriesEkonomická revuecs
dc.relation.urihttps://www.ekf.vsb.cz/export/sites/ekf/cerei/cs/cisla/vol20/vol20num1/dokumenty/NUM20VOL01PAP01_2.pdf
dc.rights© Vysoká škola báňská - Technická univerzita Ostravacs
dc.subjectconvergenceen
dc.subjecthouse pricesen
dc.subjectpanel data analysisen
dc.subjectsystem-GMMen
dc.titleConvergence in house prices across OECD countries: A panel data analysisen
dc.typearticle
dc.identifier.doi10.7327/cerei.2017.03.01
dc.rights.accessopenAccess
dc.type.versionpublishedVersion
dc.type.statusPeer-reviewed


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