The Convergence of Regional House Price: An Application to Taiwan
- MeiSe Chien 0, Shu-Jung Chang Lee
- Corresponding Author
- MeiSe Chien
0Department of Finance, KUAS
Available Online undefined NaN.
- https://doi.org/10.2991/jcis.2006.185How to use a DOI?
- Regional house price, ripple effect, panel SURADF tests
- The notion of a ripple effect in the housing market implies stationarity in regional:national house price ratios. The central aim of this study is to investigate whether the ripple effect exists in Taiwan’s regional house price ratio by implementing the Breuer et al. (2001) Panel SURADF unit root tests, which can improve upon the less efficient estimations of conventional unit root tests. The Panel SURADF tests a separate unit-root null hypothesis for each individual panel member and therefore identifies how many and which series in the panel are stationary processes. We do find that the house price ripple effect in Taiwan holds true for two of five regions by the Panel SURADF tests.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - MeiSe Chien AU - Shu-Jung Chang Lee PY - NaN/NaN DA - NaN/NaN TI - The Convergence of Regional House Price: An Application to Taiwan BT - 9th Joint International Conference on Information Sciences (JCIS-06) PB - Atlantis Press UR - https://doi.org/10.2991/jcis.2006.185 DO - https://doi.org/10.2991/jcis.2006.185 ID - ChienNaN/NaN ER -