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Testing for bubbles in housing markets: a panel data approach
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SYSNO ASEP 0326418 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Testing for bubbles in housing markets: a panel data approach Author(s) Mikhed, V. (UA)
Zemčík, Petr (NHU-N) RIDSource Title Journal of Real Estate Finance and Economics - ISSN 0895-5638
Roč. 38, č. 4 (2009), s. 366-386Number of pages 21 s. Language eng - English Country US - United States Keywords house prices ; cointegration ; panel data Subject RIV AH - Economics R&D Projects LC542 GA MŠMT - Ministry of Education, Youth and Sports (MEYS) CEZ AV0Z70850503 - NHU-N (2005-2011) UT WOS 000265153500002 DOI 10.1007/s11146-007-9090-2 Annotation 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. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2010
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