Was there a British house price bubble? Evidence from a regional panel
This paper investigates the bubbles hypothesis with a dynamic panel data model of British regional house prices between 1972 and 2003. The model consists of a system of inverted housing demand equations, incorporating spatial interactions and lags and relevant spatial parameter heterogeneity. The re...
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| Médium: | Working paper |
| Vydáno: |
University of Oxford
2006
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