Template-type: ReDIF-Paper 1.0
Author-Name: Canepa, Alessandra 
Author-Email: Alessandra.Canepa@unito.it
Author-Name: Alqaralleh, Huthaifa 
Author-Email: huthaifa89@mutah.edu.jo
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Housing Market Cycles in Large Urban Areas.
Abstract: This paper examines the asymmetric behaviour of house prices in large metropolitan areas. Using a sample of large cities, 
in several countries, it is shown that real estate prices cycles are largely nonlinear. It is found that dynamic asymmetries in 
the housing market cycle can well be modelled using a logistic smooth transition model (LSTAR). Further, it is shown that the 
LSTAR model has better forecasting properties with respect to a linear autoregressive model.
Length: pages 27
Creation-Date: 2019-01
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2019dip/wp_3_2019.pdf
File-Format: Application/PDF
Handle: RePEc:uto:dipeco:201903