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- W1636702949 abstract "The real estate market generates much literature because it is an issue of utmost importance. The rise in house prices is one of the issues that has raised a great deal of concern among the general public. This paper analyzes the asymmetric behaviour of real house prices among Spanish regions, using univariate and multivariate techniques to study their long-run relationships. Results indicate some evidence of cointegration, which suggests a broad grouping of regions based on physical proximity or similar economic characteristics. The Johansen cointegration test reveals the region that has the greatest influence on long-run equilibrium among those with whom it shares a border." @default.
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- W1636702949 date "2008-12-01" @default.
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- W1636702949 title "Asymmetric Behaviour of Spanish Regional House Prices: A Multivariate Approach" @default.
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- W1636702949 doi "https://doi.org/10.1016/j.jeca.2008.02.006" @default.
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