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Cross Border Business Cycle Impacts on the El Paso Housing Market

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  • Kincal, Gokce
  • Fullerton, Thomas M., Jr.
  • Holcomb, James H.
  • Barraza de Anda, Martha P.

Abstract

There is comparatively little empirical evidence regarding the impacts of cross border business cycle fluctuations on metropolitan housing markets located near international boundaries. This study examines the impacts of economic conditions in Mexico on sales of existing single-family houses in El Paso, Texas. Anecdotal evidence suggests that these impacts are fairly notable. Annual frequency data from the University of Texas at El Paso Border Region Modeling Project are used to test this possibility. Results indicate that solid empirical evidence of such a linkage is elusive.

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File URL: http://mpra.ub.uni-muenchen.de/29095/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 29095.

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Date of creation: 2010
Date of revision: 2010
Publication status: Published in Estudios Fronterizos 2.11(2010): pp. 49-77
Handle: RePEc:pra:mprapa:29095

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Keywords: Business Cycles; Border Housing Markets;

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References

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  1. Thomas M. Fullerton JR., 2001. "Specification of a Borderplex Econometric Forecasting Model," International Regional Science Review, , vol. 24(2), pages 245-260, April.
  2. Goetzmann, W.N., 1990. "The Single Family Home In The Investment Portfolio," Papers fb-_90-15, Columbia - Graduate School of Business.
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  8. Fullerton, Thomas M., Jr. & Molina, Angel L., Jr. & Pisani, Michael J., 2009. "Peso Acceptance Patterns in El Paso," MPRA Paper 17900, University Library of Munich, Germany, revised 19 Jun 2009.
  9. Green, Richard K., 2002. "Stock prices and house prices in California: new evidence of a wealth effect?," Regional Science and Urban Economics, Elsevier, vol. 32(6), pages 775-783, November.
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  16. G. Donald Jud & Dan T. Winkler, 2002. "The Dynamics of Metropolitan Housing Prices," Journal of Real Estate Research, American Real Estate Society, vol. 23(1/2), pages 29-46.
  17. Dua, Pami & Miller, Stephen M & Smyth, David J, 1999. "Using Leading Indicators to Forecast U.S. Home Sales in a Bayesian Vector Autoregressive Framework," The Journal of Real Estate Finance and Economics, Springer, vol. 18(2), pages 191-205, March.
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