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

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dc.creatorHolmes M.J.spa
dc.creatorOtero Cardona, Jesús Gilbertospa
dc.creatorPanagiotidis T.spa
dc.date.accessioned2020-05-26T00:06:24Z
dc.date.available2020-05-26T00:06:24Z
dc.date.created2011spa
dc.description.abstractIn 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 among all state house price differentials. Using a sieve bootstrap procedure, we construct confidence intervals and find evidence in favour of convergence. We also conclude that speed of adjustment towards long-run equilibrium is inversely related to distance. © 2011 Elsevier B.V.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1016/j.econmod.2011.06.015
dc.identifier.issn2649993
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/23887
dc.language.isoengspa
dc.relation.citationEndPage2376
dc.relation.citationIssueNo. 6
dc.relation.citationStartPage2369
dc.relation.citationTitleEconomic Modelling
dc.relation.citationVolumeVol. 28
dc.relation.ispartofEconomic Modelling, ISSN:2649993, Vol.28, No.6 (2011); pp. 2369-2376spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-79961114348&doi=10.1016%2fj.econmod.2011.06.015&partnerID=40&md5=e6fc36e8fcddeb84c01c89b87dcefeccspa
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.keywordConvergencespa
dc.subject.keywordCross-section dependencespa
dc.subject.keywordHouse pricesspa
dc.subject.keywordPair-wise approachspa
dc.subject.keywordPanel dataspa
dc.titleInvestigating regional house price convergence in the United States: Evidence from a pair-wise approachspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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