The links between regional house prices and share prices in the UK

被引：9
|
作者：
Bissoondeeal, Rakesh K. [1 ]
机构：
[1] Aston Univ, Dept Econ Finance & Entrepreneurship, Birmingham, W Midlands, England
来源：
REGIONAL STUDIES | 2021年 / 55卷 / 02期
关键词：
regions; housing market; stock market; spillovers; cointegration; Granger causality; SPATIAL DEPENDENCE; WEALTH; STOCK; DIFFUSION; PROPERTY; MARKETS; CHOICE;
D O I：
10.1080/00343404.2020.1795108
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The study investigates the interrelationships between house prices and share prices at the national and regional levels in the UK. It also investigates whether London house prices spill over to other regions of the UK. In the long-run, share prices and house prices share a negative relationship, but in the short-run, they are positively related. It is found that London prices are influencing prices in other regions, but there is also evidence of other UK regions influencing London property prices. In addition, regional differences in the response of house prices to movements in the stock market are found.
引用
收藏
页码：256 / 268
页数：13
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