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dc.contributor.authorHolmes, Mark J.
dc.date.accessioned2009-03-10T20:02:01Z
dc.date.available2009-03-10T20:02:01Z
dc.date.issued2007
dc.identifier.citationHolmes, M. J. (2007). How convergent are regional house prices in the United Kingdom? Some new evidence from panel data unit root testing. Journal of Economic and Social Research, 9(1), 1-17.en
dc.identifier.urihttps://hdl.handle.net/10289/2057
dc.description.abstractUsing a variety of econometric methods, existing studies have failed to reach a consensus on whether or not UK regional house prices are engaged in kong-run equilibrium relationships with each other. Using data for the 197302005 study period, this study offers a novel approach to this debate through the application of unit root testing within a seemingly unrelated regression framework. It is argued that there exist significant advantages in this approach over and above existing univariate and panel data unit root testing procedures. The results indicate that the majority of UK regions exhibit regional house price convergence. However, there is an east-west split in terms of whether regional house prices have a tendency towards long-run equilibrium relationship with UK prices as whole. This is also evidence of considerable heterogeneity in the regional speeds of adjustment towards long-run equilibrium.en
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.publisherFaith Universityen_NZ
dc.relation.urihttp://www.fatih.edu.tr/~jesr/jesr.holmes.pdfen
dc.rightsThis article has been published in Journal of Economic and Social Research. ©2007 Journal of Economic and Social Research. Used with permission.en
dc.subjectpanel data unit rooten
dc.subjecthouse priceen
dc.subjectconvergenceen
dc.titleHow convergent are regional house prices in the United Kingdom? Some new evidence from panel data unit root testingen
dc.typeJournal Articleen
dc.relation.isPartOfJournal of Economic and Social Researchen_NZ
pubs.begin-page1en_NZ
pubs.elements-id33686
pubs.end-page17en_NZ
pubs.issue1en_NZ
pubs.volume9en_NZ


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