An alternative approach to examining the ripple effect in UK house prices
This article examines the possibility of a ripple effect being present in the UK housing market using a previously unconsidered two-stage procedure. According to Drake, the ripple effect hypothesises that changes in house prices occurs earlier and more extensively in the South East of England than in other regions of the UK. Via application of non-parametric testing and business cycle dating techniques, evidence in favour of a ripple effect is derived.
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Volume (Year): 10 (2003)
Issue (Month): 13 ()
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- C R Birchenhall & D R Osborn & M Sensier, 2000.
"Predicting UK Business Cycle Regimes,"
Centre for Growth and Business Cycle Research Discussion Paper Series
02, Economics, The Univeristy of Manchester.
- Chris R. Birchenhall & Marianne Sensier & Denise R. Osborn, 2000. "Predicting Uk Business Cycle Regimes," Computing in Economics and Finance 2000 134, Society for Computational Economics.
- Chris Birchenhall & Marianne Sensier, 2000. "Predicting UK Business Cycle Regimes," Econometric Society World Congress 2000 Contributed Papers 0953, Econometric Society.
- Ashworth, John & Parker, Simon C, 1997. "Modelling Regional House Prices in the UK," Scottish Journal of Political Economy, Scottish Economic Society, vol. 44(3), pages 225-46, August.
- Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-76, March.
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
- McDonald, Ronald & Taylor, Mark P, 1993. "Regional House Prices in Britain: Long-Run Relationships and Short-Run Dynamics," Scottish Journal of Political Economy, Scottish Economic Society, vol. 40(1), pages 43-55, February.
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