Do the global stochastic trends drive the real house prices in OECD countries?
Research output: Journal contributions › Journal articles › Research › peer-review
Authors
This paper demonstrates that in the long-run the main determinants of the real
housing prices for a panel dataset comprising the quarterly observations of 12 OECD countries are the real GDP per capita and the real interest rate along with the global stochastic trends.
housing prices for a panel dataset comprising the quarterly observations of 12 OECD countries are the real GDP per capita and the real interest rate along with the global stochastic trends.
| Original language | English |
|---|---|
| Journal | Economics Letters |
| Volume | 123 |
| Issue number | 1 |
| Pages (from-to) | 9-13 |
| Number of pages | 5 |
| ISSN | 0165-1765 |
| DOIs | |
| Publication status | Published - 04.2014 |
- Economics - common factors, cross-sectional dependence, global stochastic trends, panel cointegration, rank test