The determinants of house prices in New Zealand: An aggregate and regional analysis

New Zealand Economic Papers

Volumn 31, Issue 2, 1997, Pages 175-198

  O’Donovan, Brendan ^a   Rae, David ^b  

^a The National Bank of New Zealand Ltd ^*

^b National Bank of New Zealand   (New Zealand)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 85011135948     PISSN: 00779954     EISSN: 19434863     Source Type: Journal    
DOI: 10.1080/00779959709544273     Document Type: Article

References (9)

1. Buckle, R. A. and Carlson, J. A. (1996), "Inflation and asymmetric price adjustment", Paper presented to NZAE conference, Auckland
2. Drake, L. (1993), "Modelling UK house prices using cointegration: an application of the Johansen technique", Applied Economics, 25, 1225-1228.
3. Ghysels, E. (1990), "Unit-root tests and the statistical pitfalls of seasonal adjustment: the case of U.S. postwar real gross national product", Journal of Business and Economic Statistics, 8, 145-152.
4. Hendry, D. F. (1984), "Econometric modelling of house prices in the United Kingdom", in D. F. Hendry and K. Wallis (eds), Econometrics and Quantitative Economics, Oxford: Blackwell, Chapter 8.
5. MacDonald, R. and Taylor, M P. (1993), "Regional house prices in Britain: long-run relationships and short-run dynamics", Scottish Journal of Political Economy, 40, 43-55.
6. Pain, N. and Westaway, P. (1996), "Modelling structural change in the UK housing market: a comparison of alternative house price models", National Institute of Economic and Social Research, Working Paper No. 98.
7. Rae, D. (1996), "NBNZ-DEMONZ: a dynamic equilibrium model of New Zealand", Economic Modelling, 13, 91-165.
8. Rae, D. (1997), "A forward-looking model of aggregate consumption in New Zealand", National Bank of New Zealand Ltd, Working Paper 97/1.
9. Sims, C. A. (1993), ‘Rational expectations modelling with seasonally adjusted data’, Journal of Econometrics, 55, 9-19.