Spillover Effect between the Regional and the National Housing Markets in the UK

I-Chun Tsai

Regional Studies, 2015, vol. 49, issue 12, 1957-1976

Abstract: T sai I-C. Spillover effect between the regional and the national housing markets in the UK, Regional Studies . This study uses regional and national data from the UK housing market to analyse the spillovers between these markets and to test whether a ripple effect exists in UK housing prices. Cross-market return spillovers are determined by performing spillover indices. An analysis of the direction and magnitude of return spillovers can be used to discriminate the transmission mechanism of information between the regional and the national housing markets over different areas and different time spans. Empirical findings indicate that the difference in housing prices between the northern and southern regions of the UK will increase each time a new financial crisis occurs.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

Downloads: (external link)
http://hdl.handle.net/10.1080/00343404.2014.883599 (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:regstd:v:49:y:2015:i:12:p:1957-1976

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CRES20

DOI: 10.1080/00343404.2014.883599

Access Statistics for this article

Regional Studies is currently edited by Ivan Turok

More articles in Regional Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().