Modelling UK house prices using cointegration: an application of the Johansen technique
- 1 September 1993
- journal article
- research article
- Published by Taylor & Francis in Applied Economics
- Vol. 25 (9) , 1225-1228
- https://doi.org/10.1080/00036849300000183
Abstract
This paper provides an econometric analysis of the long-term equilibrium determination of UK house prices using the relatively recent Johansen cointegration procedure. This long-term equilibrium specification is then utilized in order to estimate a parsimonious dynamic model for UK house prices.Keywords
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