The Long-Run Relationship between House Prices and Income: Evidence from Local Housing Markets

Real Estate Economics - Tập 34 Số 3 - Trang 417-438
Joshua Gallin1
1Federal Reserve Board, Washington, DC 20551 or [email protected].

Tóm tắt

Từ khóa


Tài liệu tham khảo

Abraham, 1996, Bubbles in Metropolitan Housing Markets, Journal of Housing Research, 7, 191

Banerjee, 1999, Panel Data Unit Roots and Cointegration: An Overview, Oxford Bulletin of Economics and Statistics, 61, 607, 10.1111/1468-0084.61.s1.12

Calem , P. B. Case 2005 Co-Movements in U.S. House Price Appreciation Patterns

Calhoun , C. A. 1996 OFHEO House Price Indexes: HPI Technical Description http://www.ofheo.gov/house/download.html

Capozza , D. R. P. H. Hendershott C. Mack C. J. Mayer 2002 Determinants of Real House Price Dynamics

Davidson, 1993, Estimation and Inference in Econometrics

Engle, 1987, Co-integration and Error Correction: Representation, Estimation, and Testing, Econometrica, 55, 251, 10.2307/1913236

Fisher, 1932, Statistical Methods for Research Workers

Im , K. M.H. Pesaran Y. Shin 1997 Testing for Unit Roots in Heterogeneous Panels

Levin , A. C.F. Lin 1992 Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties

Levin, 2002, Unit Root Tests in Panel Data: Asymptotic and Finite-Sample Properties, Journal of Econometrics, 108, 1, 10.1016/S0304-4076(01)00098-7

Maddala, 1999, A Comparative Study of Unit Root Tests with Panel Data and New Simple Test, Oxford Bulletin of Economics and Statistics, 61, 631, 10.1111/1468-0084.61.s1.13

Malpezzi, 1999, A Simple Error Correction Model of House Prices, Journal of Housing Economics, 8, 27, 10.1006/jhec.1999.0240

Meen, 2002, The Time-Series Behavior of House Prices: A Transatlantic Divide?, Journal of Housing Economics, 11, 1, 10.1006/jhec.2001.0307

Pace, 2000, A Method for Spatial-Temporal Forecasting with an Application to Real Estate Prices, International Journal of Forecasting, 16, 229, 10.1016/S0169-2070(99)00047-3

Pace, 1998, Spatial Statistics and Real Estate, The Journal of Real Estate Finance and Economics, 17, 5, 10.1023/A:1007783811760

Pedroni , P. 1997 Panel Cointegration: Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the PPP Hypothesis

Pedroni, 1999, Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors, Oxford Bulletin of Economics and Statistics, 61, 653, 10.1111/1468-0084.61.s1.14

Pedroni , P. 2001 Panel Cointegration: Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the PPP Hypothesis

Phillips, 1990, Asymptotic Properties of Residual Based Tests for Cointegration, Econometrica, 58, 165, 10.2307/2938339

Poterba, 1984, Tax Subsidies to Owner-occupied Housing: An Asset-Market Approach, Quarterly Journal of Economics, 99, 729, 10.2307/1883123

Poterba, 1991, House Price Dynamics: The Role of Tax Policy and Demography, Brookings Papers on Economic Activity, 2, 143, 10.2307/2534591

Quah , D. 1990 International Patterns of Growth I: Persistence in Cross-Country Disparities

Quah, 1994, Exploiting Cross Section Variation in Unit Root Inferences in Dynamic Data, Economic Letters, 44, 9, 10.1016/0165-1765(93)00302-5

Reifschneider, 1999, Aggregate Disturbances, Monetary Policy, and the Macroeconomy: The FRB/US Perspective, Federal Reserve Bulletin, 85, 1, 10.17016/bulletin.1999.85-1-1

Shiller, 1985, Testing the Random Walk Hypotheis: Power versus Frequency of Observation, Economic Letters, 18, 381, 10.1016/0165-1765(85)90058-8

Topel, 1988, Housing Investment in the United States, Journal of Political Economy, 96, 718, 10.1086/261560