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.
Volume (Year): 10 (2003)
Issue (Month): 13 ()
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- 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 Birchenhall & Marianne Sensier, 2000. "Predicting UK Business Cycle Regimes," Econometric Society World Congress 2000 Contributed Papers 0953, Econometric Society.
- 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.
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- 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.
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