Housing prices in Spain: convergence or decoupling?
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| Định dạng: | Sách |
| Ngôn ngữ: | English |
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Springer
2023
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| Truy cập trực tuyến: | https://link.springer.com/article/10.1007/s13209-023-00275-1 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7747 |
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oai:localhost:PNK-77472023-04-11T02:47:43Z Housing prices in Spain: convergence or decoupling? Corinna, Ghirelli Danilo, Leiva-León Alberto, Urtasun synchronization of housing price evolving relation between those cycles CC BY In this article, we measure changes in the synchronization of housing price cycles across Spanish cities over time. We rely on a regime-switching framework that identifies the housing price cycles of pairs of cities and simultaneously infers the evolving relation between those cycles. These bilateral relationships are then summarized into an aggregate index of city-level housing cycle synchronization. The estimates suggest that Spanish housing prices have followed a convergence pattern that reached a peak in 2009 and decreased slightly afterward. We also identify the cities that have been the main contributors to this convergence process. Moreover, we show that differences in population growth and economic structure are key factors in explaining the evolution of housing price synchronization among Spanish cities. 2023-04-11T02:47:43Z 2023-04-11T02:47:43Z 2023 Book https://link.springer.com/article/10.1007/s13209-023-00275-1 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7747 en application/pdf Springer |
| institution |
Digital Phenikaa |
| collection |
Digital Phenikaa |
| language |
English |
| topic |
synchronization of housing price evolving relation between those cycles |
| spellingShingle |
synchronization of housing price evolving relation between those cycles Corinna, Ghirelli Danilo, Leiva-León Alberto, Urtasun Housing prices in Spain: convergence or decoupling? |
| description |
CC BY |
| format |
Book |
| author |
Corinna, Ghirelli Danilo, Leiva-León Alberto, Urtasun |
| author_facet |
Corinna, Ghirelli Danilo, Leiva-León Alberto, Urtasun |
| author_sort |
Corinna, Ghirelli |
| title |
Housing prices in Spain: convergence or decoupling? |
| title_short |
Housing prices in Spain: convergence or decoupling? |
| title_full |
Housing prices in Spain: convergence or decoupling? |
| title_fullStr |
Housing prices in Spain: convergence or decoupling? |
| title_full_unstemmed |
Housing prices in Spain: convergence or decoupling? |
| title_sort |
housing prices in spain: convergence or decoupling? |
| publisher |
Springer |
| publishDate |
2023 |
| url |
https://link.springer.com/article/10.1007/s13209-023-00275-1 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7747 |
| _version_ |
1762909082718568448 |
| score |
8.891145 |