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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Autors principals: Cameron, G, Muellbauer, J, Murphy, A
Format: Working paper
Idioma:English
Publicat: Department of Economics (University of Oxford) 2006