Template-type: ReDIF-Paper 1.0
Author-Name: Canepa, Alessandra  
Author-Email: alessandra.canepa@unito.it 
Author-Name: Zanetti Chini, Emilio 
Author-Email:emilio.zanettichini@uniroma1.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:Global Cities and Local Challenges: Booms and Busts in the London Real Estate Market.
Abstract:In this paper we investigate the dynamic features of house prices in London. Using a generalized smooth transition 
model (GSTAR) we show that dynamic symmetry in price cycles in the London housing market is strongly rejected. 
We also show that the GSTAR model is able to replicate the features of the observed cycle in the simulated data. Further, our 
results show that the proposed model performs well when compared to other linear and nonlinear speci?cations in a out-of-sample
forecasting exercise.
Length: pages 34
Creation-Date: 2020-05
File-URL: https://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2020dip/wp_11_2020.pdf
File-Format: Application/PDF
Handle: RePEc:uto:dipeco:202011