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• W2000254116 abstract "In this paper we examine long-run house price convergence across US states using a novel econometric approach advocated by Pesaran (2007) and Pesaran et al. (2009). Our empirical modelling strategy employs a probabilistic test statistic for convergence based on the percentage of unit root rejections among all state house price differentials. Using a sieve bootstrap procedure, we construct confidence intervals and find evidence in favour of convergence. We also conclude that speed of adjustment towards long-run equilibrium is inversely related to distance." @default.
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• W2000254116 date "2011-11-01" @default.
• W2000254116 modified "2023-10-16" @default.
• W2000254116 title "Investigating regional house price convergence in the United States: Evidence from a pair-wise approach" @default.
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• W2000254116 doi "https://doi.org/10.1016/j.econmod.2011.06.015" @default.
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