J 2024

Evidence of the ripple effect across the Czech housing market

SLANÝ, Martin and Filip EMMER

Basic information

Original name

Evidence of the ripple effect across the Czech housing market

Name in Czech

Efekt přelévání cen na českém trhu s bydlením

Authors

SLANÝ, Martin (203 Czech Republic, guarantor, belonging to the institution) and Filip EMMER (203 Czech Republic)

Edition

International Journal of Economic Sciences, Praha, Brno: European Research Center s.r.o. 2024, 1804-9796

Other information

Language

English

Type of outcome

Article in a journal

Field of Study

50202 Applied Economics, Econometrics

Country of publisher

Czech Republic

Confidentiality degree

is not subject to a state or trade secret

References:

URL

Impact factor

Impact factor: 2.400 in 2022

Organization unit

CEVRO University

DOI

http://dx.doi.org/10.52950/ES.2024.13.2.006

UT WoS

001362946300006

Keywords (in Czech)

přelévání cen nemovitostí;regionální trh s bydlením; Grangerova kauzalita

Keywords in English

House price spillovers; Regional housing market; Granger causality

Tags

Reviewed
Changed: 4/2/2025 18:29, Ing. Martin Slaný, Ph.D.

Abstract

V originále

Czech regional housing markets have exhibited significant price co-movements over the last two decades. While part of this dynamic may be explained by traditional housing market fundamentals, some regions appear to be influenced by other variables. One possible explanation lies in the ripple effect, a phenomenon where house price shocks in one region influence prices in others. This study examines possible occurrence of the ripple effect using Toda-Yamamoto Granger causality. Results indicate statistically significant occurrence of lead-lag effect in eight out of 13 regions. Such price interconnectivity might be important factor for policymakers as study suggests that regional submarkets are not isolated and should be approached on macro level.
Displayed: 15/3/2025 01:45