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http://bura.brunel.ac.uk/handle/2438/21824Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Canepa, A | - |
| dc.contributor.author | Chini, EZ | - |
| dc.contributor.author | Alqaralleh, H | - |
| dc.date.accessioned | 2020-11-16T00:47:32Z | - |
| dc.date.available | 2020-01-01 | - |
| dc.date.available | 2020-11-16T00:47:32Z | - |
| dc.date.issued | 2020-11-05 | - |
| dc.identifier.citation | Canepa, A., Chini, E.Z. and Alqaralleh, H. (2020) 'Global Cities and Local Challenges: Booms and Busts in the London Real Estate Market', Journal of Real Estate Finance and Economics, in press (29 pp.). doi: 10.1007/s11146-020-09802-4. | en_US |
| dc.identifier.issn | 0895-5638 | - |
| dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/21824 | - |
| dc.description.abstract | © The Author(s) 2020. In this paper we investigate the dynamic features of house prices in London. Using a generalized smooth transition model (GSTAR) we show that dynamic symmetry in price cycles in the London housing market is strongly rejected. We also show that the GSTAR model is able to replicate the features of the observed cycle in the simulated data. Further, our results show that the proposed model performs well when compared to other linear and nonlinear specifications in a out-of-sample forecasting exercise. | en_US |
| dc.description.sponsorship | Università degli Studi di Torino | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Springer | en_US |
| dc.rights | This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/. | - |
| dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | - |
| dc.subject | House price cycles | en_US |
| dc.subject | Dynamic asymmetries | en_US |
| dc.subject | Nonlinear models | en_US |
| dc.subject | Forecasting | en_US |
| dc.title | Global Cities and Local Challenges: Booms and Busts in the London Real Estate Market | en_US |
| dc.type | Article | en_US |
| dc.identifier.doi | https://dx.doi.org/10.1007/s11146-020-09802-4 | - |
| dc.relation.isPartOf | Journal of Real Estate Finance and Economics | - |
| pubs.publication-status | Published | - |
| dc.identifier.eissn | 1573-045X | - |
| Appears in Collections: | Dept of Economics and Finance Research Papers | |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| FullText.pdf | 728.59 kB | Adobe PDF | View/Open |
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