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Property heterogeneity and convergence club formation among local house prices

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dc.creatorHolmes M.J.spa
dc.creatorOtero Cardona, Jesús Gilbertospa
dc.creatorPanagiotidis T.spa
dc.date.accessioned2020-05-25T23:56:13Z
dc.date.available2020-05-25T23:56:13Z
dc.date.created2019spa
dc.description.abstractWe investigate the extent of convergence club formation in local house prices. Our study is novel in a number of key ways. First, new insights are obtained through utilising a large disaggregated panel dataset comprising multiple types of housing (detached, semi-detached, terraced housing and flats) for a very large sample of 348 England and Wales local authorities. Second, we analyse through probit estimation those factors that drive convergence club formation. Third, we also consider within-city club formation as well as club formation during periods of house price bubbles. Using a study period of more than two decades, we find the presence of divergence or multiple house price convergence clubs rather than a single club. While location, distance, income, population density, congestion and education are significant in explaining convergence club formation, housing type is also an important factor with convergence less likely among detached, semi-detached and terraced housing than among flats. © 2018 Elsevier Inc.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1016/j.jhe.2018.09.002
dc.identifier.issn10960791
dc.identifier.issn10511377
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/22366
dc.language.isoengspa
dc.publisherAcademic Press Inc.spa
dc.relation.citationEndPage13
dc.relation.citationStartPage1
dc.relation.citationTitleJournal of Housing Economics
dc.relation.citationVolumeVol. 43
dc.relation.ispartofJournal of Housing Economics, ISSN:10960791, 10511377, Vol.43,(2019); pp. 1-13spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85054072491&doi=10.1016%2fj.jhe.2018.09.002&partnerID=40&md5=0649c09fe51a829ae8e9ff2dc11ba347spa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordClubsspa
dc.subject.keywordConvergencespa
dc.subject.keywordEngland and Walesspa
dc.subject.keywordHouse pricesspa
dc.titleProperty heterogeneity and convergence club formation among local house pricesspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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