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...

Ausführliche Beschreibung

Bibliographische Detailangaben
Hauptverfasser: Cameron, G, Muellbauer, J, Murphy, A
Format: Working paper
Sprache:English
Veröffentlicht: Department of Economics (University of Oxford) 2006