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...
Glavni autori: | , , |
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Format: | Working paper |
Jezik: | English |
Izdano: |
Department of Economics (University of Oxford)
2006
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