Proceedings of the 9th Joint International Conference on Information Sciences (JCIS-06)

The Convergence of Regional House Price: An Application to Taiwan

Authors
MeiSe Chien1, Shu-Jung Chang Lee
1Department of Finance, KUAS
Corresponding Author
MeiSe Chien
Available Online October 2006.
DOI
10.2991/jcis.2006.185How to use a DOI?
Keywords
Regional house price, ripple effect, panel SURADF tests
Abstract

The notion of a ripple effect in the housing market implies stationarity in regional:national house price ratios. The central aim of this study is to investigate whether the ripple effect exists in Taiwan’s regional house price ratio by implementing the Breuer et al. (2001) Panel SURADF unit root tests, which can improve upon the less efficient estimations of conventional unit root tests. The Panel SURADF tests a separate unit-root null hypothesis for each individual panel member and therefore identifies how many and which series in the panel are stationary processes. We do find that the house price ripple effect in Taiwan holds true for two of five regions by the Panel SURADF tests.

Copyright
© 2006, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 9th Joint International Conference on Information Sciences (JCIS-06)
Series
Advances in Intelligent Systems Research
Publication Date
October 2006
ISBN
978-90-78677-01-7
ISSN
1951-6851
DOI
10.2991/jcis.2006.185How to use a DOI?
Copyright
© 2006, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - MeiSe Chien
AU  - Shu-Jung Chang Lee
PY  - 2006/10
DA  - 2006/10
TI  - The Convergence of Regional House Price: An Application to Taiwan
BT  - Proceedings of the 9th Joint International Conference on Information Sciences (JCIS-06)
PB  - Atlantis Press
SP  - 553
EP  - 556
SN  - 1951-6851
UR  - https://doi.org/10.2991/jcis.2006.185
DO  - 10.2991/jcis.2006.185
ID  - Chien2006/10
ER  -