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Applied Economics Volume 50, 2018 - Issue 29
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Original Articles

Bubbles in US regional house prices: evidence from house price–income ratios at the State level

Yang HuDepartment of Economics, University of Waikato, Hamilton, New ZealandCorrespondence[email protected]
&
Les OxleyDepartment of Economics, University of Waikato, Hamilton, New ZealandORCID Iconhttp://orcid.org/0000-0003-3621-2323
ORCID Icon
Pages 3196-3229 | Published online: 12 Jan 2018

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Yang Yang & Mingquan Zhou. (2023) The estimation of house bubbles during the time of pandemic: a study of Australia. Applied Economics 55:51, pages 6076-6089.
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Xi Zhang, Renatas Kizys, Christos Floros, Konstantinos Gkillas & Mark E. Wohar. (2021) Testing for rational bubbles in the UK housing market. Applied Economics 53:8, pages 962-975.
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Yang Yang & Mingquan Zhou. Estimating housing price bubbles for investment and owner-occupancy. Applied Economics 0:0, pages 1-13.
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Wei Fan, Yun He, Liang Hao & Fan Wu. (2024) Do high house prices promote the development of China’s real economy? Empirical evidence based on the decomposition of real estate price. PLOS ONE 19:1, pages e0295311.
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John Hua Fan, Adrian Fernandez-Perez, Ivan Indriawan & Neda Todorova. (2024) When Chinese Mania Meets Global Frenzy: Commodity Price Bubbles. SSRN Electronic Journal.
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Harsha S & Ismail B. (2023) Testing for financial bubbles in the presence of auto-correlated errors. Statistical Journal of the IAOS 39:3, pages 721-727.
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Ye Chen, Peter C B Phillips & Shuping Shi. (2023) Common Bubble Detection in Large Dimensional Financial Systems. Journal of Financial Econometrics 21:4, pages 989-1063.
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Laura Andreea Iancu, Andreea Elena Croicu & Luana Cristina Rogojan. (2023) An Investigation on Real Estate Market Dynamics and Bubble Formation Modeling. Proceedings of the International Conference on Business Excellence 17:1, pages 1603-1616.
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Tomas E. Caravello, Zacharias Psaradakis & Martin Sola. (2023) Rational bubbles: Too many to be true?. Journal of Economic Dynamics and Control 151, pages 104666.
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Tetsushi Horie & Yohei Yamamoto. (2023) Identifying Common and Idiosyncratic Explosive Behaviors in the Large Dimensional Factor Model with an Application to U.S. State-Level House Prices. Journal of Econometric Methods 0:0.
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Xichen Wang & Qingya Liu. (2023) Can the global financial cycle explain the episodes of exuberance in international housing markets?. Finance Research Letters 52, pages 103366.
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Yang Hu. (2022) A review of Phillips‐type right‐tailed unit root bubble detection tests. Journal of Economic Surveys 37:1, pages 141-158.
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Shuping Shi & Peter C.B. Phillips. (2021) Diagnosing housing fever with an econometric thermometer. Journal of Economic Surveys 37:1, pages 159-186.
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Wei Hu, Shanggang Yin & Haibo Gong. (2022) Spatial–Temporal Evolution Patterns and Influencing Factors of China’s Urban Housing Price-to-Income Ratio. Land 11:12, pages 2224.
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Pedro Gomis-Porqueras, Shuping Shi & David Tan. (2022) Gold as a financial instrument. Journal of Commodity Markets 27, pages 100218.
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David Gray. (2021) Do house price-earnings ratios in England and Wales follow a power law? An application of Lavalette’s law to district data. Environment and Planning B: Urban Analytics and City Science 49:4, pages 1184-1196.
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Aktham Maghyereh & Hussein Abdoh. (2022) Bubble contagion effect between the main precious metals. Studies in Economics and Finance.
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Verena Monschang & Bernd Wilfling. (2020) Sup-ADF-style bubble-detection methods under test. Empirical Economics 61:1, pages 145-172.
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Shaoping Wang, Lu Yu & Qing Zhao. (2021) Do factor models explain stock returns when prices behave explosively? Evidence from China. Pacific-Basin Finance Journal 67, pages 101535.
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Rafiq Ahmed, Syed Tehseen Jawaid & Samina Khalil. (2021) Bubble Detection in Housing Market: Evidence From a Developing Country. SAGE Open 11:2, pages 215824402110066.
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David Gray. (2021) Medium-term cycles in affordability: what does the house price to income ratio indicate?. National Accounting Review 3:2, pages 204-217.
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Antonia Arsova & Deniz Dilan Karaman Örsal. (2021) A panel cointegrating rank test with structural breaks and cross-sectional dependence. Econometrics and Statistics 17, pages 107-129.
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Choujun Zhan, Zeqiong Wu, Yonglin Liu, Zefeng Xie & Wangling Chen. (2020) Housing prices prediction with deep learning: an application for the real estate market in Taiwan. Housing prices prediction with deep learning: an application for the real estate market in Taiwan.
Enrique Martínez-García & Valerie Grossman. (2020) Explosive dynamics in house prices? An exploration of financial market spillovers in housing markets around the world. Journal of International Money and Finance 101, pages 102103.
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Ruiqiao Bai, Jacqueline C. K. Lam & Victor O. K. Li. (2020) Siamese-Like Convolutional Neural Network for Fine-Grained Income Estimation of Developed Economies. IEEE Access 8, pages 162533-162547.
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Peter C.B. Phillips & Shuping Shi. 2020. Financial, Macro and Micro Econometrics Using R. Financial, Macro and Micro Econometrics Using R 61 80 .
Ting Lan. (2019) Intrinsic bubbles and Granger causality in the Hong Kong residential property market. Frontiers of Business Research in China 13:1.
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Zhe Song, TaiHua Yan & Tangyang Jiang. (2019) Can the rise in housing price lead to crime? An empirical assessment of China. International Journal of Law, Crime and Justice 59, pages 100341.
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Zixiong Xie, Shyh-Wei Chen & An-Chi Wu. (2019) Asymmetric adjustment, non-linearity and housing price bubbles: New international evidence. The North American Journal of Economics and Finance 50, pages 101036.
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Efthymios Pavlidis, Enrique Martínez-García & Valerie Grossman. (2019) Detecting periods of exuberance: A look at the role of aggregation with an application to house prices. Economic Modelling 80, pages 87-102.
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Evren Ceritoğlu, Seyit Mümin Cılasun, Ufuk Demiroğlu & Aytül Ganioğlu. (2019) An analysis to detect exuberance and implosion in regional house prices in Turkey. Central Bank Review 19:2, pages 67-82.
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Shanggang Yin, Zhifei Ma, Weixuan Song & Chunhui Liu. (2019) Spatial Justice of a Chinese Metropolis: A Perspective on Housing Price-to-Income Ratios in Nanjing, China. Sustainability 11:6, pages 1808.
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Yang Hu & Les Oxley. (2018) Bubble contagion: Evidence from Japan’s asset price bubble of the 1980-90s. Journal of the Japanese and International Economies 50, pages 89-95.
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Shuping Shi & Peter C. B. Phillips. (2020) Diagnosing Housing Fever with an Econometric Thermometer. SSRN Electronic Journal.
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Ye Zoe Chen, Peter C. B. Phillips & Shuping Shi. (2019) Common Bubble Detection in Large Dimensional Financial Systems. SSRN Electronic Journal.
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Faisal M. Awwal & Prasad V. Bidarkota. (2019) Intrinsic Bubbles in Stock Prices Under Persistent Dividend Growth Rates. SSRN Electronic Journal.
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Peter C. B. Phillips & Shuping Shi. (2018) Real Time Monitoring of Asset Markets: Bubbles and Crises. SSRN Electronic Journal.
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