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Testing for bubbles in housing markets: a panel data approach

  1. 1. 0326418 - NHU-N 2010 RIV US eng J - Journal Article
    Mikhed, V. - Zemčík, Petr
    Testing for bubbles in housing markets: a panel data approach.
    Journal of Real Estate Finance and Economics. Roč. 38, č. 4 (2009), s. 366-386. ISSN 0895-5638
    R&D Projects: GA MŠk LC542
    Institutional research plan: CEZ:AV0Z70850503
    Keywords : house prices * cointegration * panel data
    Subject RIV: AH - Economics
    Impact factor: 0.659, year: 2009

    We employ recently developed cross-sectionally robust panel data tests for unit roots and cointegration to find whether house prices reflect house related earnings. We use U.S. data for Metropolitan Statistical Areas, with house price measured by the weighted-repeated-sales index and cash-flows by market tenants' rents.
    Permanent Link: http://hdl.handle.net/11104/0173527