Metropolitan house prices in India : do they converge?

dc.contributor.authorAye, Goodness Chioma
dc.contributor.authorGoswami, Samrat
dc.contributor.authorGupta, Rangan
dc.contributor.emailgoodness.aye@up.ac.zaen_ZA
dc.date.accessioned2016-09-19T07:41:10Z
dc.date.available2016-09-19T07:41:10Z
dc.date.issued2013
dc.description.abstractThe paper examines the long-run behavior of house prices by addressing the issue of price convergence or divergence across fifteen metropolitan cities in India. Using available city-level quarterly data covering the period 2007-2011 and applying the Im, Pesaran and Shin (2003) panel unit root test, it is found that relative price levels among various metropolitan cities in India do not converge. This implies that the Law of One Price does not hold in the Indian housing market, hence the different metropolitan house markets operate independent to one another.en_ZA
dc.description.departmentEconomicsen_ZA
dc.description.librarianam2016en_ZA
dc.description.urihttp://www.usc.es/economet/eaat.htmen_ZA
dc.identifier.citationAye, GC, Goswami, S & Gupta, R 2013, 'Metropolitan house prices in India : do they converge?', Regional and Sectoral Economic Studies, vol. 13, pp. 1-10.en_ZA
dc.identifier.issn1578-4460
dc.identifier.urihttp://hdl.handle.net/2263/56738
dc.language.isoenen_ZA
dc.publisherEuro-American Association of Economic Development Studiesen_ZA
dc.rightsEuro-American Association of Economic Development Studiesen_ZA
dc.subjectHouse pricesen_ZA
dc.subjectLaw of one priceen_ZA
dc.subjectPrice convergenceen_ZA
dc.subjectIndiaen_ZA
dc.titleMetropolitan house prices in India : do they converge?en_ZA
dc.typeArticleen_ZA

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