Hot property in New Zealand: Empirical evidence of housing bubbles in the metropolitan centres

Hot property in New Zealand: Empirical evidence of housing bubbles in the metropolitan centres

Using recently developed statistical methods for testing and dating exuberant behaviour in asset prices we document evidence of episodic bubbles in the New Zealand property market over the past two decades. The results show clear evidence of a broad-based New Zealand housing bubble that began in 200...

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Bibliographic Details
Main Authors: GREENAWAY-MCGREVY, Ryan, Peter C. B. PHILLIPS
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
bubble
collapse
contagion; dating methods
exuberance
house prices
property market
sup test
Growth and Development
Property Law and Real Estate
Online Access:https://ink.library.smu.edu.sg/soe_research/1947
https://ink.library.smu.edu.sg/context/soe_research/article/2946/viewcontent/Hot_property_in_New_Zealand.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1947
https://ink.library.smu.edu.sg/context/soe_research/article/2946/viewcontent/Hot_property_in_New_Zealand.pdf

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