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題名 What forces drive the dynamic interaction between regional housing prices?
作者 陳明吉; 朱芳妮
Chen, Ming-Chi; Chu, Fang-Ni; Wu, Yun-Ling; Lu, Chien-Lin
貢獻者 財管系; 地政系
關鍵詞 Copula model; Dynamic correlation; Regional housing prices
日期 2017-09
上傳時間 30-Aug-2017 16:03:15 (UTC+8)
摘要 This paper examines the dynamic interaction between regional housing prices in the United States. We use the copula method to explore the dependent distribution of housing prices in ten metropolitan statistical areas (MSAs) in three regions. The results generally show that changes in time-varying correlation result from different trends in regional housing prices. We regress housing price dynamic correlation on regional economic variables, finding that the economic co-movement mechanism determines the housing price correlation in the Western and Great Lakes regions, while the migration mechanism drives the housing price correlation in the Eastern region. We also find that economic co-movement is the main force driving the housing price correlation between regions.
關聯 International Journal of Strategic Property Management,Vol. 21 Issue 3, p225-239
資料類型 article
DOI http://dx.doi.org/10.3846/1648715X.2016.1254120
dc.contributor 財管系; 地政系zh_TW
dc.creator (作者) 陳明吉; 朱芳妮zh_TW
dc.creator (作者) Chen, Ming-Chi; Chu, Fang-Ni; Wu, Yun-Ling; Lu, Chien-Linen_US
dc.date (日期) 2017-09-
dc.date.accessioned 30-Aug-2017 16:03:15 (UTC+8)-
dc.date.available 30-Aug-2017 16:03:15 (UTC+8)-
dc.date.issued (上傳時間) 30-Aug-2017 16:03:15 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/112313-
dc.description.abstract (摘要) This paper examines the dynamic interaction between regional housing prices in the United States. We use the copula method to explore the dependent distribution of housing prices in ten metropolitan statistical areas (MSAs) in three regions. The results generally show that changes in time-varying correlation result from different trends in regional housing prices. We regress housing price dynamic correlation on regional economic variables, finding that the economic co-movement mechanism determines the housing price correlation in the Western and Great Lakes regions, while the migration mechanism drives the housing price correlation in the Eastern region. We also find that economic co-movement is the main force driving the housing price correlation between regions.en_US
dc.format.extent 111 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) International Journal of Strategic Property Management,Vol. 21 Issue 3, p225-239en_US
dc.subject (關鍵詞) Copula model; Dynamic correlation; Regional housing pricesen_US
dc.title (題名) What forces drive the dynamic interaction between regional housing prices?en_US
dc.type (資料類型) article-
dc.identifier.doi (DOI) 10.3846/1648715X.2016.1254120-
dc.doi.uri (DOI) http://dx.doi.org/10.3846/1648715X.2016.1254120-