16 research outputs found
Modelling UK house prices with structural breaks and conditional variance analysis
This paper differs from previous research by examining the existence of structural breaks in the UK regional house prices as well as in the prices of the different property types (flats, terraced, detached and semi-detached houses) in the UK as a whole, motivated by the uncertainty in the UK housing market and various financial events that may lead to structural changes within the housing market. Our paper enhances the conventional unit root tests by allowing for structural breaks, while including structural break tests strengthens our analysis. Our empirical results support the existence of structural breaks in the mean equation in seven out of thirteen regions of the UK as well as in three out of four property types, and in the variance equation in six regions and three property types. In addition, using a multivariate GARCH approach we examine both the behaviour of variances and covariances of the house price returns over time. Our results have significant implications for appropriate economic policy selection and investment management
Housing supply, investment demand and money creation: A comment on the drivers of London’s housing crisis
SSR marker analysis of Monilinia fructicola from Swiss apricots suggests introduction of the pathogen from neighbouring countries and the United States
Direct identification of Monilinia brown rot fungi on infected fruits by matrix-assisted laser desorption/ionization (MALDI) mass spectrometry
How Do Neighbors Influence Investment in Social Capital? Homeownership and Length of Residence
Political connections, political favoritism and political competition: evidence from the granting of building permits by French mayors
Agglomeration Effects in Foreign Direct Investment and the Pollution Haven Hypothesis
Agglomeration effects, Congestion effects, Environmental regulation, Foreign direct investment, German manufacturing, Panel data, Pollution havens, F18, F23, Q52,