The dynamic relationship between house prices and output: evidence from US metropolitan areas

The dynamic relationship between house prices and output: evidence from US metropolitan areas

This paper investigates the long-run and short-term dynamics of 351 US metropolitan statistical area housing prices in relation to personal income. We apply a panel cointegration approach on annual data from 1993 to 2011 and find a long-run relationship between local house prices and per capita pers...

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Bibliographic Details
Main Authors: Nicholas Apergis, Beatrice D. Simo-Kengne, Rangan Gupta, Tsangyao Chang
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2015-12-01
Series:International Journal of Strategic Property Management
Subjects:
Real house prices
Real personal income per capita
Panel cointegration
Panel causality
Online Access:https://journals.vgtu.lt/index.php/IJSPM/article/view/2132

Internet

https://journals.vgtu.lt/index.php/IJSPM/article/view/2132

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