SPECIFYING THE EFFECTIVE DETERMINANTS OF HOUSE PRICE VOLATILITIES IN IRAN

Murteza Sanjarani Pour (), Parviz Nasir Khani (), Gholamreza Zamanian () and Kamran Barghandan ()
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Murteza Sanjarani Pour: University of Sistan and Baluchestan, Zahedan, Faculty of Mathematics, Iran
Parviz Nasir Khani: University of Payam Nour, Zahedan, Faculty of Economics, Iran
Gholamreza Zamanian: University of Sistan and Bluchestan, Department of Economics, Iran
Kamran Barghandan: Islamic Azad University, Young Researchers Club, Zahedan Branch, Iran,

Economic Review: Journal of Economics and Business, 2013, vol. 11, issue 2, 15-20

Abstract: The housing sector is one of the key sectors in an economy and its fluctuations could be accompanied with stagnation or expansion in other parts of an economy. Additionally, this sector has an intra-economic role in near to 120 sub-industries which therefore indicates its importance in an economy. Hence, this study examines the effective determinants of house price volatilities using the Engel Granger co-integration technique after modeling the price volatilities under the E-Garch model for the period 1973-2008 in Iran based on Eviews and Mathematica Software. The findings indicate that all variables, including coin price, GDP proxy, volume of money, inflation rate, and house interest rate have a significant impact on the volatilities.

Keywords: house price; elasticity; volatilities; Iran (search for similar items in EconPapers)
JEL-codes: C22 C5 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

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