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

dc.contributor.authorHassani, Hossein
dc.contributor.authorYeganegi, Mohammad Reza
dc.contributor.authorGupta, Rangan
dc.contributor.emailrangan.gupta@up.ac.zaen_ZA
dc.date.accessioned2019-09-16T07:46:45Z
dc.date.available2019-09-16T07:46:45Z
dc.date.issued2019-10
dc.description.abstractIn 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.departmentEconomicsen_ZA
dc.description.librarianhj2019en_ZA
dc.description.urihttp://www.elsevier.com/locate/intecoen_ZA
dc.identifier.citationHassani, 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.issn2110-7017
dc.identifier.other10.1016/j.inteco.2019.03.004
dc.identifier.urihttp://hdl.handle.net/2263/71350
dc.language.isoenen_ZA
dc.publisherElsevieren_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.subjectIncome inequalitiesen_ZA
dc.subjectConsumption inequalitiesen_ZA
dc.subjectReal housing returnsen_ZA
dc.subjectForecastingen_ZA
dc.subjectUnited Kingdom (UK)en_ZA
dc.titleDoes inequality really matter in forecasting real housing returns of the United Kingdom?en_ZA
dc.typePreprint Articleen_ZA

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