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

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7 Citations (Scopus)

Abstract

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
Volume123
Issue number1
Pages (from-to)9-13
Number of pages5
ISSN0165-1765
DOIs
Publication statusPublished - 04.2014

Research areas and keywords

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

ASJC Scopus Subject Areas

  • Finance
  • Economics and Econometrics

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