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  • 标题:A Pair-wise Analysis of Long-run Regional House Price Convergence
  • 作者:Mark J. HOLMES
  • 期刊名称:地域学研究
  • 印刷版ISSN:0287-6256
  • 电子版ISSN:1880-6465
  • 出版年度:2009
  • 卷号:39
  • 期号:3
  • 页码:745-750
  • DOI:10.2457/srs.39.745
  • 出版社:The Japan Section of the Regional Science Association International
  • 摘要:

    This study offers a new perspective on the debate over long-run regional house price convergence in the UK. In contrast to other studies that proceed at a more aggregated level, this study employs quarterly data for fifty one counties from England, Scotland and Wales. A new pair-wise unit root testing procedure advocated by Pesaran (2007) is employed on all possible bivariate house price differentials. Evidence in favour of the long-run convergence is confirmed where the fraction of rejections exceeds the size of the individual tests. JEL Classification: C5, R0

  • 关键词:House Prices; Convergence; Unit Roots; Cointegration; Pair-wise
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