IGB

Connexion

(Article of periodic en Anglais - 2014)

Document title

Aggregate and regional house price to earnings ratio dynamics in the UK

Authors(s) and Affiliation(s)

GREGORIOU A. (1) ; KONTONIKAS A. (2) ; MONTAGNOLI (3) ;
(1) Hull Univ., Hull, ROYAUME-UNI
(2) University of Glasgow, Glasgow, ROYAUME-UNI
(3) Dept of Economics, Univ., Sheffield, ROYAUME-UNI

Abstract

This paper examines the time-series properties of house price to earnings ratio (HPER) in the UK using aggregate and regional data. Specifically, it utilizes a series of unit root tests to examine the null hypothesis of nonstationary HPERs. These include linear tests as well as a nonlinear test and also a test which accounts for abrupt structural change. The results are against the notion of stationary HPERs. This implies that house prices may permanently diverge from earnings

Source

Article of periodic

published at : Urban studies / ISSN 0042-0980

Editor : Longman Group, Harlow - ROYAUME-UNI (1964)

Millesime : 2014, vol. 51, no3 [pp. 2916-2927]

Bibliographic references : 1 p.

Collation : 1 fig., 5 tabl.

Language

Anglais

Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1177/0042098013506063

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2014
Refdoc record number (ud4) : 28682027 : Permanent link - XML version
Powered by Pxxo