Econometric modelling of UK house prices using accelerated importance sampling

Article Abstract:

The price volatility of the UK housing market is examined using a stochastically extended model proposed by David F Hendry in 1984. Also using an accelerated importance sampling technique, a 'preferred' model was produced that was different from Hendry's in that the variance of the price adjustment equation is virtually zero while excess demand has become a random variable whose distribution does not rely on its own lagged values. As such, the model's 'predicted' values for changes in price may be close to those obtained by Hendry but the predictive confidence intervals show substantial heteroskedasticity that has greater uncertainty during price volatility.

Residential Buildings, Econometrics & Model Building, Models, Economic aspects, Residential construction, Econometrics, Pricing, Business models

---

House price shocks, windfall gains and hours of work: British evidence

Article Abstract:

A study on correlation between working hours, and capital gains from financial windfalls and real housing wealth gains is presented. The study is based information collected on British employees from 1992 to 2001.

Science & research, Work Schedules, Research, Work hours, Hours of labour

---

Efficiency and seasonality in the UK housing market, 1991u2001

Article Abstract:

The article uses regression analysis to examine the impact of housing prices and seasonality on housing sector of the United Kingdom.

Forecasts, trends, outlooks, Scientific Research and Development Services, Development, Analysis, Forecasts and trends, Influence, Market trend/market analysis, Real estate development, Regression analysis, Seasonal variations (Economics)

Similar abstracts:

• Abstracts: Nonlinear modelling using the generalized exponential family of distributions. Measuring welfare changes and the excess burden of taxation
• Abstracts: An econometric model of serial correlation and illiquidity in hedge fund returns. How much value can blockholders tunnel? Evidence from the Bulgarian mass privatization auctions
• Abstracts: Strategic Choice of the Price Structure and Entry Deterrence Under Price Cap Regulation. Currency Options and Export-Flexible Firms
• Abstracts: Enlargement and the textiles, clothing and footwear industry. Enlargement and the European geography of the information technology sector
• Abstracts: Easy estimation methods for discrete-time duration models. New men and new women? A comparison of paid work propensities from a panel data perspective

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.