Since 2014
Linear and nonlinear causality in the UK housing market: a regional approach
Economics and Business Letters
View Archive Info| Field | Value | |
| Title |
Linear and nonlinear causality in the UK housing market: a regional approach
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| Creator |
Kyriazakou, Eleni
Panagiotidis, Theodore |
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| Description |
We examine the causal relationship between 12 UK regional house prices. Our data span from 1983:Q1 to 2012:Q4. The causal linkages both for the first differences and the levels are examined via Granger causality. The former allows us to examine short-run predictability while the latter the long-run. We relax the assumption of linearity and examine nonlinear causality both for the levels and the first differences. We find that long-run causality among the regions is mainly linear while in the short-run is nonlinear. London’s effect on the other regions is found to be mainly nonlinear in the short-run.
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| Publisher |
Oviedo University Press
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| Contributor |
—
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| Date |
2014-12-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/10429
10.17811/ebl.3.4.2014.288-297 |
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| Source |
Economics and Business Letters; Vol 3, No 4 (2014): December - Special Issue Advances in Regional Forecasting; 288-297
Economics and Business Letters; Vol 3, No 4 (2014): December - Special Issue Advances in Regional Forecasting; 288-297 2254-4380 10.17811/ebl.3.4.2014 |
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| Language |
eng
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| Relation |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/10429/10127
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