Convergence and divergence in British housing space

Gray, David (2018) Convergence and divergence in British housing space. Regional Studies . ISSN 0034-3404

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Abstract

Literature on long run co-dynamics of British house prices is divided about the degree of convergence, which might be a function of the various methods of the empirically driven work and periods considered. Using the rank of the cointegrating matrix and reducibility, two overlapping super-regions emerge, characterised as the augmented North and South. With London found to be deviating from the south east, neither it nor the UK are likely to be indicative of regional series of the south of England. Moreover, with a multi-speed UK, house price convergence of any sort will be incomplete.

Keywords:Region, House Prices, Cointegration, Convergence
Subjects:L Social studies > L721 Economic Geography
L Social studies > L110 Applied Economics
N Business and Administrative studies > N231 Land Management
Divisions:Lincoln International Business School
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ID Code:27792
Deposited On:04 Jul 2017 10:38

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