Do the global stochastic trends drive the real house prices in OECD countries?

Research output: Journal contributionsJournal articlesResearchpeer-review


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.
Original languageEnglish
JournalEconomics Letters
Issue number1
Pages (from-to)9-13
Number of pages5
Publication statusPublished - 04.2014

    Research areas

  • Economics - common factors, cross-sectional dependence, global stochastic trends, panel cointegration, rank test