房价长期趋同

IF 0.9 4区经济学 Q3 ECONOMICS

Scottish Journal of Political Economy Pub Date : 2024-07-19 DOI:10.1111/sjpe.12394

Lei Pan, Takashi Matsuki

{"title":"房价长期趋同","authors":"Lei Pan, Takashi Matsuki","doi":"10.1111/sjpe.12394","DOIUrl":null,"url":null,"abstract":"We examine the house price convergence across 12 OECD countries over the period 1905–2016. Using novel quantile unit root tests which allow for smooth breaks via a Fourier expansion series, we find that nine countries show the presence of relative house price convergence at all the quantiles. Focusing on several specific quantiles, 11 countries have significant convergence tendencies. Moreover, there are four definite patterns related to shocks in the relative house prices across quantiles.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":"48 1","pages":""},"PeriodicalIF":0.9000,"publicationDate":"2024-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"House price convergence in the very long run\",\"authors\":\"Lei Pan, Takashi Matsuki\",\"doi\":\"10.1111/sjpe.12394\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"We examine the house price convergence across 12 OECD countries over the period 1905–2016. Using novel quantile unit root tests which allow for smooth breaks via a Fourier expansion series, we find that nine countries show the presence of relative house price convergence at all the quantiles. Focusing on several specific quantiles, 11 countries have significant convergence tendencies. Moreover, there are four definite patterns related to shocks in the relative house prices across quantiles.\",\"PeriodicalId\":47171,\"journal\":{\"name\":\"Scottish Journal of Political Economy\",\"volume\":\"48 1\",\"pages\":\"\"},\"PeriodicalIF\":0.9000,\"publicationDate\":\"2024-07-19\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Scottish Journal of Political Economy\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1111/sjpe.12394\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Scottish Journal of Political Economy","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1111/sjpe.12394","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

摘要

我们研究了 1905-2016 年间 12 个经合组织国家的房价收敛情况。我们使用新颖的量化单位根检验（允许通过傅立叶扩展序列实现平稳中断），发现 9 个国家在所有量化值上都显示出相对房价趋同的存在。重点关注几个特定的量级，11 个国家有显著的收敛趋势。此外，有四种明确的模式与不同数量级的相对房价冲击有关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

House price convergence in the very long run

We examine the house price convergence across 12 OECD countries over the period 1905–2016. Using novel quantile unit root tests which allow for smooth breaks via a Fourier expansion series, we find that nine countries show the presence of relative house price convergence at all the quantiles. Focusing on several specific quantiles, 11 countries have significant convergence tendencies. Moreover, there are four definite patterns related to shocks in the relative house prices across quantiles.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Scottish Journal of Political Economy Multiple-

CiteScore

1.80

自引率

0.00%

发文量

期刊介绍： The Scottish Journal of Political Economy is a generalist journal with an explicitly international reach in both readership and authorship. It is dedicated to publishing the highest quality research in any field of economics, without prejudice to the methodology or to the analytical techniques used. The editors encourage submissions in all fields of economics in order to provide practical contributions to the literature, and to further the influence of economics in the world of practical affairs.