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- W2076452603 abstract "A restricted error-correction model of real house price changes is estimated on Swedish panel data. In the long-run equation, movements in income, user costs, and construction costs were found to have a significant impact on real house prices. The estimates of the dynamic equation reveals a rich autoregressive structure in real house prices. They also suggest that adjustment toward the long-run relationship is quite rapid. While the results are consistent with speculative behavior, it is also shown that real house price fluctuations are well explained by the development of fundamental demand conditions in this period." @default.
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- W2076452603 date "1998-06-01" @default.
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- W2076452603 title "The Determinants of Urban House Price Fluctuations in Sweden 1968–1994" @default.
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- W2076452603 doi "https://doi.org/10.1006/jhec.1998.0225" @default.
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