MODELING REGIONAL HOUSE PRICES IN THE UNITED KINGDOM

Bruno Giussani and George Hadjimatheou

Papers in Regional Science, 1991, vol. 70, issue 2, 201-219

Abstract: ABSTRACT In the second half of the 1980s the United Kingdom experienced a widening of house‐price differentials between the South and the North, thus providing an extra Impetus to the claim of a North South divide. This paper adopts a broader perspective and examines the view that the pattern of house price differentials across regions resembles a ripple effect. Long time‐series data covering 10 UK fusions and various statistical/econometric techniques are used to test the ripple‐effect hypothesis. The cumulative evidence seems to conform to the hypothesis. Various explanations of this phenomenon, including interregional migration, are considered.

Date: 1991
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https://doi.org/10.1111/j.1435-5597.1991.tb01728.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:70:y:1991:i:2:p:201-219

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