Investigating regional house price convergence in the United States: Evidence from a pair-wise approach

In this paper we examine long-run house price convergence across US states using a novel econometric approach advocated by Pesaran (2007) and Pesaran et al. (2009). Our empirical modelling strategy employs a probabilistic test statistic for convergence based on the percentage of unit root rejections...

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Autores:

Tipo de recurso:

Fecha de publicación:

2011

Institución:

Universidad del Rosario

Repositorio:

Repositorio EdocUR - U. Rosario

Idioma:

eng

OAI Identifier:

oai:repository.urosario.edu.co:10336/23887

Acceso en línea:

https://doi.org/10.1016/j.econmod.2011.06.015
https://repository.urosario.edu.co/handle/10336/23887

Palabra clave:

Convergence
Cross-section dependence
House prices
Pair-wise approach
Panel data

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