Tehran’s house price ripple effects in Iran: application of bootstrap asymmetric panel granger non-causality in the frequency domain
Omid Ranjbar (),
Hassan Gholipour Fereidouni,
Behnaz Saboori () and
Tsangyao Chang
Housing Studies, 2022, vol. 37, issue 9, 1566-1597
Abstract:
The purpose of this study is to examine the ripple effects from Tehran, the capital city of Iran, to other major Iranian cities by applying a new methodological approach: a bootstrap asymmetric panel Granger non-causality in the frequency domain and a univariate stationary test with an unknown number and shape of break dates. To the best of our knowledge, this study is the first in the literature to combine two existing methods for testing ripple effect (Granger non-causality and price convergence hypothesis). Using semi-annual data from 1993 to 2017, our findings suggest that Tehran’s house price ripples out to the house prices of other cities, but it does not result in house price convergence toward Tehran. We also find that some cities are affected by only positive shocks of Tehran’s house price while some cities are affected by only negative shocks of Tehran’s house price; other cities are affected by both positive and negative shocks of Tehran’s house price.
Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
http://hdl.handle.net/10.1080/02673037.2020.1853072 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:chosxx:v:37:y:2022:i:9:p:1566-1597
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/chos20
DOI: 10.1080/02673037.2020.1853072
Access Statistics for this article
Housing Studies is currently edited by Chris Leishman, Moira Munro, Ray Forrest, Alex Schwartz, Hal Pawson and John Flint
More articles in Housing Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().