Does inequality really matter in forecasting real housing returns of the United Kingdom?
| dc.contributor.author | Hassani, Hossein | |
| dc.contributor.author | Yeganegi, Mohammad Reza | |
| dc.contributor.author | Gupta, Rangan | |
| dc.contributor.email | rangan.gupta@up.ac.za | en_ZA |
| 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 |