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Modeling Regional House Prices In The United Kingdom

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  • Bruno Giussani
  • George Hadjimatheou

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.

Suggested Citation

  • Bruno Giussani & George Hadjimatheou, 1991. "Modeling Regional House Prices In The United Kingdom," Papers in Regional Science, Wiley Blackwell, vol. 70(2), pages 201-219, April.
    • Handle: RePEc:bla:presci:v:70:y:1991:i:2:p:201-219
    DOI: 10.1111/j.1435-5597.1991.tb01728.x
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