Article ID Journal Published Year Pages File Type
5055276 Economic Modelling 2012 6 Pages PDF
Abstract
► We study the dynamics of Greek house prices and selected macroeconomic fundamentals. ► We apply the asymmetric ARDL cointegration methodology (Shin et al., 2011). ► Ignoring the intrinsic nonlinearities may lead to misleading inference. ► The response of house prices is asymmetric in the long- and short-run time horizons.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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What drives housing price dynamics in Greece: New evidence from asymmetric ARDL cointegration
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