Answers are grounded in this paper and cite their sources.
This paper provides an econometric analysis of the long-term equilibrium determination of UK house prices using the relatively recent Johansen cointegration procedure. This long-term equilibrium specification is then utilized in order to estimate a parsimonious dynamic model for UK house prices.
No takes yet. Share an insight, caveat, or question.
Leigh Drake (1993) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: