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

被引：5
|
作者：
Oersal, Deniz Dilan Karaman [1 ,2 ]
机构：
[1] Leuphana Univ Luneburg, Ctr Methods, D-21335 Luneburg, Germany
[2] Leuphana Univ Luneburg, Inst Econ, D-21335 Luneburg, Germany
来源：
ECONOMICS LETTERS | 2014年 / 123卷 / 01期
关键词：
Panel cointegration; Global stochastic trends; Common factors; Rank test; Cross-sectional dependence; PANEL UNIT-ROOT; CROSS-SECTION DEPENDENCE; COINTEGRATION; NUMBER; TESTS;
D O I：
10.1016/j.econlet.2014.01.007
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码：9 / 13
页数：5
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