Does inequality really matter in forecasting real housing returns of the United Kingdom?

Hassani, Hossein; Yeganegi, Mohammad Reza; Gupta, Rangan

dc.contributor.author	Hassani, Hossein
dc.contributor.author	Yeganegi, Mohammad Reza
dc.contributor.author	Gupta, Rangan
dc.date.accessioned	2019-09-16T07:46:45Z
dc.date.available	2019-09-16T07:46:45Z
dc.date.issued	2019-10
dc.description.abstract	In this paper, we analyze the potential role of growth in inequality for forecasting real housing returns of the United Kingdom. In our forecasting exercise, we use linear and nonlinear models, as well as measures of absolute and relative consumption and income inequalities at quarterly frequency over the period 1975–2016. Our results indicate that, while nonlinearity in the data generating process of real housing returns is important, growth in inequality does not necessarily carry important information in forecasting the future path of housing prices in the United Kingdom.	en_ZA
dc.description.department	Economics	en_ZA
dc.description.librarian	hj2019	en_ZA
dc.description.uri	http://www.elsevier.com/locate/inteco	en_ZA
dc.identifier.citation	Hassani, H., Yeganegi, M.R. & Gupta, R. 2019, 'Does inequality really matter in forecasting real housing returns of the United Kingdom?', International Economics, vol. 159, pp. 18-25.	en_ZA
dc.identifier.issn	2110-7017
dc.identifier.other	10.1016/j.inteco.2019.03.004
dc.identifier.uri	http://hdl.handle.net/2263/71350
dc.language.iso	en	en_ZA
dc.publisher	Elsevier	en_ZA
dc.rights	© 2019 Published by Elsevier B.V. on behalf of CEPII (Centre d'Etudes Prospectives et d'Informations Internationales), a center for research and expertise on the world economy. Notice : this is the author’s version of a work that was accepted for publication in International Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. A definitive version was subsequently published in International Economics, vol. 159, pp. 18-25, 2019. doi : 10.1016/j.inteco.2019.03.004.	en_ZA
dc.subject	Income inequalities	en_ZA
dc.subject	Consumption inequalities	en_ZA
dc.subject	Real housing returns	en_ZA
dc.subject	Forecasting	en_ZA
dc.subject	United Kingdom (UK)	en_ZA
dc.title	Does inequality really matter in forecasting real housing returns of the United Kingdom?	en_ZA
dc.type	Preprint Article	en_ZA