메뉴 건너뛰기




Volumn 31, Issue 2, 2007, Pages 243-256

House prices and household income: Do they move apart? Evidence from Taiwan

Author keywords

Cointegration; House prices; Income; STOPBREAK; VECM

Indexed keywords

COINTEGRATION ANALYSIS; HOUSEHOLD INCOME; HOUSING MARKET; STOCHASTICITY; VECTOR AUTOREGRESSION;

EID: 34249280547     PISSN: 01973975     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.habitatint.2007.02.005     Document Type: Article
Times cited : (57)

References (36)
  • 2
    • 0028090626 scopus 로고
    • An affordability crisis in British housing: Dimensions, causes and policy impact
    • Bramley G. An affordability crisis in British housing: Dimensions, causes and policy impact. Housing Studies 9 1 (1994) 103-123
    • (1994) Housing Studies , vol.9 , Issue.1 , pp. 103-123
    • Bramley, G.1
  • 3
    • 85009296425 scopus 로고    scopus 로고
    • Capozza, D. R., Hendershott, C. M., & Mayer, C. J. (2002). Determinants of real house price dynamics. NBER working paper 9262.
  • 4
    • 34249312674 scopus 로고    scopus 로고
    • Reasonable housing prices in, Taipei-Demand side analysis
    • (in Chinese)
    • Chang C.O., Kuo K.E., and Lin V. Reasonable housing prices in, Taipei-Demand side analysis. Journal of Housing Studies 10 1 (2001) 51-66 (in Chinese)
    • (2001) Journal of Housing Studies , vol.10 , Issue.1 , pp. 51-66
    • Chang, C.O.1    Kuo, K.E.2    Lin, V.3
  • 5
    • 84993111587 scopus 로고    scopus 로고
    • An analysis of the trend and cyclical behaviours of house prices in the Asian markets
    • Chen M.-C., Kawaguchi Y., and Patel K. An analysis of the trend and cyclical behaviours of house prices in the Asian markets. Journal of Property Investment and Finance 22 1 (2004) 55-75
    • (2004) Journal of Property Investment and Finance , vol.22 , Issue.1 , pp. 55-75
    • Chen, M.-C.1    Kawaguchi, Y.2    Patel, K.3
  • 6
    • 34249337144 scopus 로고    scopus 로고
    • An empirical analysis of determination of house prices in the Taipei area
    • Chen M.C., and Patel K. An empirical analysis of determination of house prices in the Taipei area. Taiwan Economic Review 30 4 (2002) 563-595
    • (2002) Taiwan Economic Review , vol.30 , Issue.4 , pp. 563-595
    • Chen, M.C.1    Patel, K.2
  • 7
    • 33646177205 scopus 로고    scopus 로고
    • Common structural time series components in inflation and residential property prices
    • Chen M.C., and Sing T.F. Common structural time series components in inflation and residential property prices. Journal of Real Estate Portfolio Management 12 1 (2006) 23-36
    • (2006) Journal of Real Estate Portfolio Management , vol.12 , Issue.1 , pp. 23-36
    • Chen, M.C.1    Sing, T.F.2
  • 8
    • 85036258669 scopus 로고
    • Distribution of the estimators for autoregressive time-series with a unit root
    • Dickey D.A., and Fuller W.A. Distribution of the estimators for autoregressive time-series with a unit root. Journal of the American Statistical Association 74 (1979) 427-431
    • (1979) Journal of the American Statistical Association , vol.74 , pp. 427-431
    • Dickey, D.A.1    Fuller, W.A.2
  • 9
    • 0000472488 scopus 로고
    • Likelihood ratio statistics for autoregressive time-series with a unit root
    • Dickey D.A., and Fuller W.A. Likelihood ratio statistics for autoregressive time-series with a unit root. Econometrica 49 (1981) 1057-1072
    • (1981) Econometrica , vol.49 , pp. 1057-1072
    • Dickey, D.A.1    Fuller, W.A.2
  • 10
    • 0001302283 scopus 로고
    • Modelling UK house prices using cointegration: An application of the Johansen technique
    • Drake L. Modelling UK house prices using cointegration: An application of the Johansen technique. Applied Economics 25 (1993) 1225-1228
    • (1993) Applied Economics , vol.25 , pp. 1225-1228
    • Drake, L.1
  • 11
    • 0000013567 scopus 로고
    • Cointegration and error correction: Representation. Estimation, and testing
    • Engle R.F., and Granger C.W.J. Cointegration and error correction: Representation. Estimation, and testing. Econometrica 55 2 (1987) 251-276
    • (1987) Econometrica , vol.55 , Issue.2 , pp. 251-276
    • Engle, R.F.1    Granger, C.W.J.2
  • 13
    • 33747226095 scopus 로고    scopus 로고
    • The long-run relationship between house prices and income: Evidence from local housing markets
    • Gallin J. The long-run relationship between house prices and income: Evidence from local housing markets. Real Estate Economics 34 3 (2006) 417-438
    • (2006) Real Estate Economics , vol.34 , Issue.3 , pp. 417-438
    • Gallin, J.1
  • 14
    • 0002566963 scopus 로고
    • The affordability of the American dream: An examination of the last 30 years
    • Gyourko J., and Linneman P. The affordability of the American dream: An examination of the last 30 years. Journal of Housing Research 4 1 (1993) 39-72
    • (1993) Journal of Housing Research , vol.4 , Issue.1 , pp. 39-72
    • Gyourko, J.1    Linneman, P.2
  • 15
    • 0002768296 scopus 로고
    • Econometric modelling of house prices in the UK
    • Hendry D.F., and Wallis K.F. (Eds), Basil Blackwell, Oxford
    • Hendry D.F. Econometric modelling of house prices in the UK. In: Hendry D.F., and Wallis K.F. (Eds). Econometrics and quantitative economics (1984), Basil Blackwell, Oxford
    • (1984) Econometrics and quantitative economics
    • Hendry, D.F.1
  • 16
    • 0031256595 scopus 로고    scopus 로고
    • House prices since the 1940s: Cointegration, demography and asymmetries
    • Holly S., and Jones N. House prices since the 1940s: Cointegration, demography and asymmetries. Economic Modelling 14 4 (1997) 549-565
    • (1997) Economic Modelling , vol.14 , Issue.4 , pp. 549-565
    • Holly, S.1    Jones, N.2
  • 17
    • 85009310957 scopus 로고    scopus 로고
    • Hsieh, L. M. (1996). Housing price, affordability, tenure choice, ownership rate and their interrelationship. Report of National Science Council Project (in Chinese).
  • 19
    • 33744973570 scopus 로고    scopus 로고
    • Commercial housing affordability in Beijing, 1992-2002
    • Lau K.M., and Li S.M. Commercial housing affordability in Beijing, 1992-2002. Habitat International 30 (2006) 614-627
    • (2006) Habitat International , vol.30 , pp. 614-627
    • Lau, K.M.1    Li, S.M.2
  • 20
    • 0026471266 scopus 로고
    • Housing affordability: Myth or reality?
    • Linneman P., and Megbolugbe I. Housing affordability: Myth or reality?. Urban Study 29 4 (1993) 369-392
    • (1993) Urban Study , vol.29 , Issue.4 , pp. 369-392
    • Linneman, P.1    Megbolugbe, I.2
  • 21
    • 0025624730 scopus 로고
    • Urban housing and financial markets: Some international comparisons
    • Malpezzi S. Urban housing and financial markets: Some international comparisons. Urban Studies 27 6 (1990) 971-1022
    • (1990) Urban Studies , vol.27 , Issue.6 , pp. 971-1022
    • Malpezzi, S.1
  • 22
    • 0002894295 scopus 로고    scopus 로고
    • A simple error correction model of house prices
    • Malpezzi S. A simple error correction model of house prices. Journal of Housing Economics 8 (1999) 27-62
    • (1999) Journal of Housing Economics , vol.8 , pp. 27-62
    • Malpezzi, S.1
  • 23
    • 0036246275 scopus 로고    scopus 로고
    • The time-series behavior of house prices: A transatlantic divide?
    • Meen G. The time-series behavior of house prices: A transatlantic divide?. Journal of Housing Economics 11 (2002) 1-23
    • (2002) Journal of Housing Economics , vol.11 , pp. 1-23
    • Meen, G.1
  • 24
    • 0009818207 scopus 로고    scopus 로고
    • The housing system and the Geltic Tiger: The state response to a housing crisis of affordability and access
    • Memery C. The housing system and the Geltic Tiger: The state response to a housing crisis of affordability and access. European Journal of Housing Policy 1 1 (2001) 79-104
    • (2001) European Journal of Housing Policy , vol.1 , Issue.1 , pp. 79-104
    • Memery, C.1
  • 25
    • 3142760210 scopus 로고    scopus 로고
    • Canada's increasing housing affordability burdens
    • Moore E., and Skaburskis A. Canada's increasing housing affordability burdens. Housing Studies 19 3 (2004) 395-413
    • (2004) Housing Studies , vol.19 , Issue.3 , pp. 395-413
    • Moore, E.1    Skaburskis, A.2
  • 26
    • 0000899296 scopus 로고
    • The great crash, the oil price shock, and the unit root hypothesis
    • Perron P. The great crash, the oil price shock, and the unit root hypothesis. Econometrica 57 6 (1989) 1361-1401
    • (1989) Econometrica , vol.57 , Issue.6 , pp. 1361-1401
    • Perron, P.1
  • 27
    • 0001561726 scopus 로고    scopus 로고
    • Further evidence on breaking trend functions in macroeconomics variables
    • Perron P. Further evidence on breaking trend functions in macroeconomics variables. Journal of Econometrics 80 (1997) 355-385
    • (1997) Journal of Econometrics , vol.80 , pp. 355-385
    • Perron, P.1
  • 28
    • 0032219575 scopus 로고    scopus 로고
    • Generalised impulse response analysis in linear multivariate models
    • Pesaran M.H., and Shin Y. Generalised impulse response analysis in linear multivariate models. Economic Letters 58 1 (1998) 17-29
    • (1998) Economic Letters , vol.58 , Issue.1 , pp. 17-29
    • Pesaran, M.H.1    Shin, Y.2
  • 29
    • 77956888124 scopus 로고
    • Testing for a unit root in time series regression
    • Phillips P., and Perron P. Testing for a unit root in time series regression. Biometrica 75 (1988) 335-346
    • (1988) Biometrica , vol.75 , pp. 335-346
    • Phillips, P.1    Perron, P.2
  • 30
    • 85009318366 scopus 로고    scopus 로고
    • Renaud, B. (1989). Affordable housing, housing sector performance and behavior of the price-to-income ratio: International evidence and theoretical analysis. Paper presented to the Center of Urban Studies and Urban Planning, University of Hong Kong.
  • 31
    • 0041825293 scopus 로고    scopus 로고
    • The rise in house prices in Dublin: Bubble, fad or just fundamentals
    • Roche M.J. The rise in house prices in Dublin: Bubble, fad or just fundamentals. Economic Modelling 18 (2001) 281-295
    • (2001) Economic Modelling , vol.18 , pp. 281-295
    • Roche, M.J.1
  • 32
    • 19044371729 scopus 로고
    • Testing for unit roots in autoregressive-moving average models with unknown order
    • Said S., and Dickey D. Testing for unit roots in autoregressive-moving average models with unknown order. Biometrica 71 (1984) 599-607
    • (1984) Biometrica , vol.71 , pp. 599-607
    • Said, S.1    Dickey, D.2
  • 33
    • 84925928394 scopus 로고
    • The consumer price equation in the post-war British economy: An exercise in equation specification testing
    • Sargan J.D. The consumer price equation in the post-war British economy: An exercise in equation specification testing. Review of Economic Studies 47 (1980) 113-135
    • (1980) Review of Economic Studies , vol.47 , pp. 113-135
    • Sargan, J.D.1
  • 34
    • 0000997472 scopus 로고
    • Macroeconomics and Reality
    • Sims C. Macroeconomics and Reality. Econometrica 48 (1980) 1-48
    • (1980) Econometrica , vol.48 , pp. 1-48
    • Sims, C.1
  • 35
    • 0032949833 scopus 로고    scopus 로고
    • Affordability crises in housing in Britain and Japan
    • Yamada Y. Affordability crises in housing in Britain and Japan. Housing Studies 14 1 (1999) 99-110
    • (1999) Housing Studies , vol.14 , Issue.1 , pp. 99-110
    • Yamada, Y.1
  • 36
    • 27744498250 scopus 로고    scopus 로고
    • Is there a real-estate Bubble in the US
    • Zhou W.-X., and Sornette D. Is there a real-estate Bubble in the US. Physica A 361 (2006) 297-308
    • (2006) Physica A , vol.361 , pp. 297-308
    • Zhou, W.-X.1    Sornette, D.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.