SID.ir New Version

Use Online Translation Powered By

Click Here STRS

STRS

Paper Information
Journal:   ECONOMIC RESEARCH REVIEW   SUMMER 2010 , Volume 10 , Number 2 (37); Page(s) 267 To 293.
 
Paper: 

Determinants Of House Price Using Causality Relations Approach In Vector Error Correction Model: Case Study Tehran
 
 
Author(s):  Sabagh Kermani Majid, Ahmadzadeh Kh., Mousavinik S.H.
 
* 
 
Abstract: 
House price changes in Iran is a category for thinking about in recent years and also different studies has been done on determinants of housing supply and demand and its price. However, this study deals with causality relation between house price and its determinant factors by seasonal data in Tehran between “1994-2006".In this study, Vector Error Correction, is used to estimate the model. Moreover, Wald test is utilized for the study of causality relation in long-run and short-run. The results show that all of the model variables can be significantly determinant of house price.In short-run, land price, the wholesale of building materials, and gold price (as substitution market) have a bilateral causality relation with house price. Forthermore, there exists a unilateral causality among the average of household income and private sector investment in house building, as complete buildings, with housing price. Nevertheless, in the short-run Granger causality between house price and interest rate was not confirmed. On the other hand, the high significance of the coeffeceint of partial error correction in all of the estimated equations as well as integrated tests with model dependent variables reveals existence of a long-run relation.
 
Keyword(s): 
 
 
International related papers: 
 
Most related Highly related Moderately related Least related
 
References: 
  • Not Registered.
  •  
  •  
 
Citations: 
  • Not Registered.
 
+ Click to Cite.
APA: Copy

SABAGH KERMANI, M., & AHMADZADEH, K., & MOUSAVINIK, S. (2010). DETERMINANTS OF HOUSE PRICE USING CAUSALITY RELATIONS APPROACH IN VECTOR ERROR CORRECTION MODEL: CASE STUDY TEHRAN. ECONOMIC RESEARCH REVIEW, 10(2 (37)), 267-293. https://www.sid.ir/en/journal/ViewPaper.aspx?id=183040



Vancouver: Copy

SABAGH KERMANI MAJID, AHMADZADEH KH., MOUSAVINIK S.H.. DETERMINANTS OF HOUSE PRICE USING CAUSALITY RELATIONS APPROACH IN VECTOR ERROR CORRECTION MODEL: CASE STUDY TEHRAN. ECONOMIC RESEARCH REVIEW. 2010 [cited 2022August07];10(2 (37)):267-293. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=183040



IEEE: Copy

SABAGH KERMANI, M., AHMADZADEH, K., MOUSAVINIK, S., 2010. DETERMINANTS OF HOUSE PRICE USING CAUSALITY RELATIONS APPROACH IN VECTOR ERROR CORRECTION MODEL: CASE STUDY TEHRAN. ECONOMIC RESEARCH REVIEW, [online] 10(2 (37)), pp.267-293. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=183040.
 
 
Persian Abstract Yearly Visit 74
 
 
Latest on Blog
Enter SID Blog