Spillovers across House Price Convergence Clubs: Evidence from the Polish Housing Market

11Citations
Citations of this article
6Readers
Mendeley users who have this article in their library.

Abstract

The aim of this study is to assess whether significant spillovers exist among house price convergence clubs in the Polish housing market. This paper is a continuation of my previous research on house price convergence in Poland. In order to achieve the defined goal, VAR modelling was used. Based on the results of the VAR model, impulse response functions (IRFs) and the Spillover Index were calculated. The obtained results indicate that spillovers in the Polish housing market are strong. The relationships are observed both inside the primary and secondary markets and between them. In particular, a very powerful influence is exerted from a club of cities from the primary market, consisting of Cracow, Warsaw, Gdańsk, Poznań, Rzeszów and Wrocław, on the remaining identified house price convergence clubs.

References Powered by Scopus

Distribution of the Estimators for Autoregressive Time Series With a Unit Root

15646Citations
N/AReaders
Get full text

Better to give than to receive: Predictive directional measurement of volatility spillovers

3488Citations
N/AReaders
Get full text

Measuring financial asset return and volatility spillovers, with application to global equity markets

2091Citations
N/AReaders
Get full text

Cited by Powered by Scopus

Spatial inequality in china’s housing market and the driving mechanism

32Citations
N/AReaders
Get full text

Housing market heterogeneity and cluster formation: evidence from Poland

16Citations
N/AReaders
Get full text

Testing for overall and cluster convergence of housing rents using robust methodology: evidence from Polish provincial capitals

10Citations
N/AReaders
Get full text

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Cite

CITATION STYLE

APA

Tomal, M. (2020). Spillovers across House Price Convergence Clubs: Evidence from the Polish Housing Market. Real Estate Management and Valuation, 28(2), 13–20. https://doi.org/10.1515/remav-2020-0012

Readers' Seniority

Tooltip

Professor / Associate Prof. 3

60%

PhD / Post grad / Masters / Doc 1

20%

Researcher 1

20%

Readers' Discipline

Tooltip

Social Sciences 1

33%

Economics, Econometrics and Finance 1

33%

Engineering 1

33%

Save time finding and organizing research with Mendeley

Sign up for free