IDEAS home Printed from https://ideas.repec.org/a/eme/ijhmap/v2y2009i3p218-232.html
   My bibliography  Save this article

An interdependence analysis of Australian house prices using variance decomposition

Author

Listed:
  • Chunlu Liu
  • Le Ma
  • Zhen Qiang Luo
  • David Picken

Abstract

Purpose - The purpose of this paper is to analyse the interdependencies of the house price growth rates in Australian capital cities. Design/methodology/approach - A vector autoregression model and variance decomposition are introduced to estimate and interpret the interdependences among the growth rates of regional house prices in Australia. Findings - The results suggest the eight capital cities can be divided into three groups: Sydney and Melbourne; Canberra, Adelaide and Brisbane; and Hobart, Perth and Darwin. Originality/value - Based on the structural vector autoregression model, this research develops an innovative interdependence analysis approach of regional house prices based on a variance decomposition method.

Suggested Citation

  • Chunlu Liu & Le Ma & Zhen Qiang Luo & David Picken, 2009. "An interdependence analysis of Australian house prices using variance decomposition," International Journal of Housing Markets and Analysis, Emerald Group Publishing Limited, vol. 2(3), pages 218-232, August.
    • Handle: RePEc:eme:ijhmap:v:2:y:2009:i:3:p:218-232
    DOI: 10.1108/17538270910977527
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/17538270910977527/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/17538270910977527/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/17538270910977527?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Le Ma & Chunlu Liu, 2015. "Is there Long-Run Equilibrium in the House Prices of Australian Capital Cities?," International Real Estate Review, Global Social Science Institute, vol. 18(4), pages 503-521.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:ijhmap:v:2:y:2009:i:3:p:218-232. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.