| Status | 已發表Published |
| After the Bubble Burst – A New Phase or a Return to History in the US Housing Market | |
Lai, R.N.  ; Van Order, R.A.
| |
| 2013-06-01 | |
| Source Publication | Asian Real Estate Society 2013 Conference
 |
| Publication Place | Kyoto |
| Publisher | Asian Real Estate Society |
| Abstract | Lai and Van Order (2010) show that the US markets, at least for the 44 MSAs in their study, experienced a regime shift around 2000 when the bubbles start to build up, and that the bubbles were not explosive. Their study was limited to data up to 2006. Now that the bubbles are burst, does the market start at new phase in yet another regime or does it go back to the regime before the bubbles were formed? Alternatively, the MSAs may share the same coefficients in the long run, while having important differences across cities. This paper attempts to provide some answers to make tests for regime shifts richer, and offers some proposals for policy makers to adjust their housing policies in boosting the market for the correct clientele. |
| Keyword | Housing Bubbles Pooled Mean Group Estimation |
| Language | 英語English |
| The Source to Article | PB_Publication |
| PUB ID | 10792 |
| Document Type | Conference paper |
| Collection | HONOURS COLLEGE |
| Corresponding Author | Lai, R.N. |
| Recommended Citation GB/T 7714 | Lai, R.N.,Van Order, R.A.. After the Bubble Burst – A New Phase or a Return to History in the US Housing Market[C], Kyoto:Asian Real Estate Society, 2013. |
| APA | Lai, R.N.., & Van Order, R.A. (2013). After the Bubble Burst – A New Phase or a Return to History in the US Housing Market. Asian Real Estate Society 2013 Conference. |
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