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A panel regression method for quantifying the convergence of house prices

Ma, Le and Liu, Chunlu 2011, A panel regression method for quantifying the convergence of house prices, in AUBEA 2011 : Proceedings of the 36th Annual Conference for Australasian University Building Educators Association, AUBEA, [Gold Coast, Qld.], pp. 572-579.

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Title A panel regression method for quantifying the convergence of house prices
Author(s) Ma, Le
Liu, Chunlu
Conference name Australasian University Building Educators Association Annual Conference (36th : 2011 : Gold Coast, Qld.)
Conference location Gold Coast, Qld.
Conference dates 27-29 Apr. 2011
Title of proceedings AUBEA 2011 : Proceedings of the 36th Annual Conference for Australasian University Building Educators Association
Editor(s) [Unknown]
Publication date 2011
Conference series Australasian University Building Educators Association Annual Conference
Start page 572
End page 579
Publisher AUBEA
Place of publication [Gold Coast, Qld.]
Keyword(s) convergence
panel regression
unit root test
house prices
Summary The convergence among house prices has attracted much attention from researchers. Previous research mainly utilised a time-series regression method to investigate convergences of house prices, which may ignore the heterogeneity of houses across cities. This research developed a panel regression method, by which the heterogeneity of house prices can be captured. Seemingly unrelated regression estimators were also adapted to deal with the contemporary correlations across cities. Investigation of the convergence among house prices in the Australian capital cities was carried out by using the developed panel regression method. Results suggested that house prices converge in Sydney, Adelaide and Hobart but diverge in Darwin.
Notes
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Language eng
Field of Research 120201 Building Construction Management and Project Planning
Socio Economic Objective 870599 Building Management and Services not elsewhere classified
HERDC Research category E1 Full written paper - refereed
Copyright notice ©2011, AUBEA
Persistent URL http://hdl.handle.net/10536/DRO/DU:30042331

Document type: Conference Paper
Collections: School of Architecture and Built Environment
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