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UK House Prices - Connectedness or Ripple Effect

Author

Listed:
  • Taufiq Choudhry

    (Southampton Business School, Univesity of Southampton)

  • Syed S. Hassan

    (School of Management, Swansea University)

  • Sarosh Shabi

    (School of Management, Swansea University)

Abstract

Using nonlinear causality and impulse response we show bidirectional dependence between the London house prices and other UK regions’ house prices except for Northern Ireland and Wales. This result has important implications for policy makers and investors.

Suggested Citation

  • Taufiq Choudhry & Syed S. Hassan & Sarosh Shabi, 2019. "UK House Prices - Connectedness or Ripple Effect," Working Papers 2019-01, Swansea University, School of Management.
  • Handle: RePEc:swn:wpaper:2019-01
    as

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    File URL: https://rahwebdav.swan.ac.uk/repec/pdf/WP2019-01.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Connectedness; Nonlinearity; House Prices;
    All these keywords.

    JEL classification:

    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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