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A Simple Error Correction Model of House Prices

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  • Stephen Malpezzi

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  • Stephen Malpezzi, 1998. "A Simple Error Correction Model of House Prices," Wisconsin-Madison CULER working papers 98-11, University of Wisconsin Center for Urban Land Economic Research.
    • Handle: RePEc:wop:wisule:98-11
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    File URL: http://www.bus.wisc.edu/realestate/pdf/pdf/culersec.pdf
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    1. Linneman, Peter, 1986. "An empirical test of the efficiency of the housing market," Journal of Urban Economics, Elsevier, vol. 20(2), pages 140-154, September.
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    3. Gyourko, Joseph & Voith, Richard, 1992. "Local market and national components in house price appreciation," Journal of Urban Economics, Elsevier, vol. 32(1), pages 52-69, July.
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    6. Alogoskoufis, George & Smith, Ron, 1991. "On Error Correction Models: Specification, Interpretation, Estimation," Journal of Economic Surveys, Wiley Blackwell, vol. 5(1), pages 97-128.
    7. Case, Karl E & Shiller, Robert J, 1989. "The Efficiency of the Market for Single-Family Homes," American Economic Review, American Economic Association, vol. 79(1), pages 125-137, March.
    8. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
    9. Case, Bradford & Quigley, John M, 1991. "The Dynamics of Real Estate Prices," The Review of Economics and Statistics, MIT Press, vol. 73(1), pages 50-58, February.
    10. Patric H. Hendershott & Thomas G. Thibodeau, 1990. "The Relationship between Median and Constant Quality House Prices: Implications for Setting FHA Loan Limits," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 18(3), pages 323-334, September.
    11. De Bondt, Werner F M & Thaler, Richard, 1985. "Does the Stock Market Overreact?," Journal of Finance, American Finance Association, vol. 40(3), pages 793-805, July.
    12. Stephen Malpezzi & Richard K. Green, 1996. "What Has Happened to the Bottom of the US Housing Market?," Urban Studies, Urban Studies Journal Limited, vol. 33(10), pages 1807-1820, December.
    13. Mundlak, Yair, 1978. "On the Pooling of Time Series and Cross Section Data," Econometrica, Econometric Society, vol. 46(1), pages 69-85, January.
    14. Roy E. Welsch, 1980. "Regression Sensitivity Analysis and Bounded-Influence Estimation," NBER Chapters, in: Evaluation of Econometric Models, pages 153-167, National Bureau of Economic Research, Inc.
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    17. repec:arz:wpaper:eres1998-160 is not listed on IDEAS
    18. Rose, Louis A., 1989. "Urban land supply: Natural and contrived restrictions," Journal of Urban Economics, Elsevier, vol. 25(3), pages 325-345, May.
    19. Davidson, James E H, et al, 1978. "Econometric Modelling of the Aggregate Time-Series Relationship between Consumers' Expenditure and Income in the United Kingdom," Economic Journal, Royal Economic Society, vol. 88(352), pages 661-692, December.
    20. George W. Gau, 1985. "Public Information and Abnormal Returns in Real Estate Investment," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 13(1), pages 15-31, March.
    21. Stephen Malpezzi, 1990. "Urban Housing and Financial Markets: Some International Comparisons," Urban Studies, Urban Studies Journal Limited, vol. 27(6), pages 971-1022, December.
    22. Ronald Huisman & Piet Eichholtz, 1998. "Busts in House Prices: Evaluating Extreme Risk," ERES eres1998_160, European Real Estate Society (ERES).
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