Synchronisation and commonalities in metropolitan housing market cycles

Akimov, Alexey and Stevenson, Simon and Young, James (2015) Synchronisation and commonalities in metropolitan housing market cycles. Urban Studies, 52 (9). pp. 1665-1682. ISSN 0042-0980

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Abstract

This paper examines the degree of commonalities present in the cyclical behaviour of the eight largest metropolitan housing markets in Australia. Using two techniques originally in the business cycle literature we consider the degree of synchronisation present and secondly decompose the series’ into their permanent and cyclical components. Both empirical approaches reveal similar results. Sydney and Melbourne are closely related to each other and are relatively segmented from the smaller metropolitan areas. In contrast, there is substantial evidence of commonalities in the cyclical behaviour of the remaining cities, especially those on the Eastern and Southern coasts of Australia.

Item Type:
Journal Article
Journal or Publication Title:
Urban Studies
Additional Information:
The final, definitive version of this article has been published in the Journal, Urban Studies, 52 (9), 2015, © SAGE Publications Ltd, 2015 by SAGE Publications Ltd at the Urban Studies page: http://usj.sagepub.com/ on SAGE Journals Online: http://online.sagepub.com/
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/3300/3322
Subjects:
ID Code:
69669
Deposited By:
Deposited On:
13 Jun 2014 12:36
Refereed?:
Yes
Published?:
Published
Last Modified:
27 Oct 2020 04:25