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- W3199573535 abstract "This paper investigates the developments in house price synchronization across countries bya dynamic factor model using a country- and city-level dataset, and examines what drives thesynchronization. The empirical results indicate that: (i) the degree of synchronization hasbeen rising since the 1970s, and (ii) a large heterogeneity in the degree of synchronizationexists across countries and cities. A panel and cross-sectional regression analysis show thatthe heterogeneity of synchronization is partly accounted for by the progress in financial andtrade openness. Also, the city-level analysis implies that the international synchronization ismainly driven by the city-level connectivity between large and international cities." @default.
- W3199573535 created "2021-09-27" @default.
- W3199573535 creator A5053463657 @default.
- W3199573535 date "2018-09-01" @default.
- W3199573535 modified "2023-09-23" @default.
- W3199573535 title "House Price Synchronization and Financial Openness: A Dynamic Factor Model Approach" @default.
- W3199573535 hasPublicationYear "2018" @default.
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