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A Regional Comparison of House Price Inflation Rates in Britain, 1967-76

Author

Listed:
  • Ian D. McAvinchey

    (Department of Political Economy, University of Aberdeen)

  • Duncan Maclennan

    (Department of Social and Economic Research, University of Glasgow)

Abstract

The paper presents by using regionally disaggregated data for the British Economic Planning Regions some questions on the usefulness of current macro-oriented approaches to the modelling of house price inflation. The paper indicates that such models should be restricted in their use to national levels. It argues that a more disaggregated approach to the analysis of house price changes would not only be locally useful but would take account of housing research on the micro level.

Suggested Citation

  • Ian D. McAvinchey & Duncan Maclennan, 1982. "A Regional Comparison of House Price Inflation Rates in Britain, 1967-76," Urban Studies, Urban Studies Journal Limited, vol. 19(1), pages 43-57, February.
    • Handle: RePEc:sae:urbstu:v:19:y:1982:i:1:p:43-57
    DOI: 10.1080/00420988220080041
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    References listed on IDEAS

    as
    1. Maddala, G S & Nelson, Forrest D, 1974. "Maximum Likelihood Methods for Models of Markets in Disequilibrium," Econometrica, Econometric Society, vol. 42(6), pages 1013-1030, November.
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