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UK house prices: convergence clubs and spillovers

Author

Listed:
  • Alberto Montagnoli

    (Division of Economics, University of Stirling)

  • Jun Nagayasu

    (Graduate School of Systems and Information Engineering,)

Abstract

This paper uses the log t test to analyse the convergence of house prices across UK regions and the presence of spillovers effects. We find that UK house prices can be grouped into four clusters. Moreover we document the dynamics of the house price spillovers across regions.

Suggested Citation

  • Alberto Montagnoli & Jun Nagayasu, 2013. "UK house prices: convergence clubs and spillovers," Working Papers 1322, University of Strathclyde Business School, Department of Economics.
    • Handle: RePEc:str:wpaper:1322
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Regional house prices; heterogeneity; convergence; spillovers;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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