Do the global stochastic trends drive the real house prices in OECD countries?
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In: Economics Letters, Vol. 123, No. 1, 04.2014, p. 9-13.
Research output: Journal contributions › Journal articles › Research › peer-review
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RIS
TY - JOUR
T1 - Do the global stochastic trends drive the real house prices in OECD countries?
AU - Karaman Örsal, Deniz
PY - 2014/4
Y1 - 2014/4
N2 - This paper demonstrates that in the long-run the main determinants of the realhousing 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.
AB - This paper demonstrates that in the long-run the main determinants of the realhousing 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.
KW - Economics
KW - common factors
KW - cross-sectional dependence
KW - global stochastic trends
KW - panel cointegration
KW - rank test
UR - http://www.scopus.com/inward/record.url?scp=84893371557&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/723cdb23-bac8-3fd9-b65f-c2a78745eaa9/
U2 - 10.1016/j.econlet.2014.01.007
DO - 10.1016/j.econlet.2014.01.007
M3 - Journal articles
VL - 123
SP - 9
EP - 13
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
IS - 1
ER -