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作者

Dayong Zhang, Qiang Ji, Wan-Li Zhao, Nicholas J Horsewood

来源

URBAN STUDIES,Vol.58,Issue5,P.1032–1049

语言

英文

关键字

作者单位

Southwestern University of Finance and Economics, China;University of the Chinese Academy of Sciences, China;Beihang University, China;University of Birmingham, UK

摘要

The cross-regional dependency in the UK housing market is analysed using regional house price indices. In this article, a network approach based on partial correlations is proposed, along with rolling-window analysis to consider potential time-varying dependency. The results show that house prices in the outer South East region have the strongest influence on regional housing market interactions in the UK. This influence is stronger when the markets are highly interconnected, whereas the house prices in London have the strongest influence when the UK regional housing markets are relatively less connected.