House Price Dynamics: An International Empirical Perspective.

Ioannides, Yannis Menelaos.
Englund, Peter, 1950-
1997

The paper compares the dynamics of housing prices in 15 OECD countries. The data reveal a remarkable degree of similarity across countries and suggest rich dynamics for the first-differenced real annual house prices, with a significant structure of autocorrelation. We estimate a highly significant first-order autocorrelation coefficient of around 0.45 and obtain evidence of negative autocorrelatio... read more

Subjects
Housing--Prices--OECD countries.
Housing--Economic aspects--OECD countries.
OECD countries.
Tufts University. Department of Economics.
Permanent URL
http://hdl.handle.net/10427/009000
Original publication
Englund, Peter and Yannis M. Ioannides. 1997. "House Price Dynamics: An International Empirical Perspective." Journal of Housing Economics 6(2): 119-136. doi:10.1006/jhec.1997.0210.
ID: tufts:16923
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