Evidence of the ripple effect across the Czech housing market

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F27590101%3A_____%2F24%3A00000268" target="_blank" >RIV/27590101:_____/24:00000268 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/00216224:14560/24:00138127

Výsledek na webu

<a href="https://ijes-journal.org/journal/article/view/18/16" target="_blank" >https://ijes-journal.org/journal/article/view/18/16</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.52950/ES.2024.13.2.006" target="_blank" >10.52950/ES.2024.13.2.006</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Evidence of the ripple effect across the Czech housing market

Popis výsledku v původním jazyce

Czech regional housing markets have exhibited significant price co-movements over the last two decades. While part of this dynamic may be explained by traditional housing market fundamentals, some regions appear to be influenced by other variables. One possible explanation lies in the ripple effect, a phenomenon where house price shocks in one region influence prices in others. This study examines possible occurrence of the ripple effect using Toda-Yamamoto Granger causality. Results indicate statistically significant occurrence of lead-lag effect in eight out of 13 regions. Such price interconnectivity might be important factor for policymakers as study suggests that regional submarkets are not isolated and should be approached on macro level.

Název v anglickém jazyce

Evidence of the ripple effect across the Czech housing market

Popis výsledku anglicky

Czech regional housing markets have exhibited significant price co-movements over the last two decades. While part of this dynamic may be explained by traditional housing market fundamentals, some regions appear to be influenced by other variables. One possible explanation lies in the ripple effect, a phenomenon where house price shocks in one region influence prices in others. This study examines possible occurrence of the ripple effect using Toda-Yamamoto Granger causality. Results indicate statistically significant occurrence of lead-lag effect in eight out of 13 regions. Such price interconnectivity might be important factor for policymakers as study suggests that regional submarkets are not isolated and should be approached on macro level.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

International Journal of Economic Sciences

ISSN

1804-9796

e-ISSN

1804-9796

Svazek periodika

XIII

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

12

Strana od-do

104-115

Kód UT WoS článku

001362946300006

EID výsledku v databázi Scopus

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