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Do the global stochastic trends drive the real house prices in OECD countries?

Article ID Journal Published Year Pages File Type
5059258 Economics Letters 2014 5 Pages PDF
Abstract
This paper demonstrates that in the long-run the main determinants of the real housing prices for a panel dataset comprising the quarterly observations of 12 OECD countries are the real GDP per capita and the real interest rate along with the global stochastic trends.
Keywords
E39Rank testCommon factorsPanel cointegrationCross-sectional dependence
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Do the global stochastic trends drive the real house prices in OECD countries?
Authors
Deniz Dilan Karaman Örsal,
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Journal
Economics Letters
Journal: Economics Letters
Related Categories
E39
Rank test
Common factors
Panel cointegration
Cross-sectional dependence
Economics and Econometrics
Economics, Econometrics and Finance (General)
Finance
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