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

The Convergence of Regional House Price: An Application to Taiwan

Authors
MeiSe Chien 0, Shu-Jung Chang Lee
Corresponding Author
MeiSe Chien
0Department of Finance, KUAS
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DOI
https://doi.org/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.
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Proceedings
9th Joint International Conference on Information Sciences (JCIS-06)
Publication Date
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ISBN
978-90-78677-01-7
DOI
https://doi.org/10.2991/jcis.2006.185How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - MeiSe Chien
AU  - Shu-Jung Chang Lee
PY  - NaN/NaN
DA  - NaN/NaN
TI  - The Convergence of Regional House Price: An Application to Taiwan
BT  - 9th Joint International Conference on Information Sciences (JCIS-06)
PB  - Atlantis Press
UR  - https://doi.org/10.2991/jcis.2006.185
DO  - https://doi.org/10.2991/jcis.2006.185
ID  - ChienNaN/NaN
ER  -