Convergence in U.S. house prices by state: evidence from the club convergence and clustering procedure

Nicholas Apergis; James E. Payne

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Convergence in U.S. house prices by state: evidence from the club convergence and clustering procedure

机译：各州美国房价的趋同：俱乐部趋同和聚类程序的证据

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This study examines the convergence of U.S. house prices by state over the quarterly period 1975:1 to 2010:4 through the club convergence and clustering procedure of Phillips and Sul (Econometrica 75:1771–1855, 2007). The results indicate the presence of three convergence clubs with the first convergence club consisting of 29 states inclusive of the entire BEA regions of the Mideast, New England, and Rocky Mountain as well as several states from the other BEA regions. The second convergence club consists of 19 states primarily in the Southeast and Plains regions along with a few states from the Far West, Southwest, and Great Lakes regions. The third convergence club comprises two states in the Southeast region (Arkansas and Mississippi).

机译：本研究通过Phillips和Sul的俱乐部趋同和聚类程序（Econometrica 75：1771-1855，2007），研究了1975：1至2010：4季度期间美国各州的房价趋同。结果表明存在三个会聚俱乐部，其中第一个会聚俱乐部由29个州组成，包括中东，新英格兰和落基山的整个BEA地区以及其他BEA地区的多个州。第二个会聚俱乐部由19个州组成，这些州主要分布在东南和平原地区，以及远西，西南和大湖地区的几个州。第三个会聚俱乐部由东南地区的两个州组成（阿肯色州和密西西比州）。

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《Letters in Spatial and Resource Sciences》 |2012年第2期|103-111|共9页
作者
Nicholas Apergis; James E. Payne;
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作者单位

1.Department of Banking and Financial Management University of Piraeus Piraeus Greece;

2.Regional Vice Chancellor for Academic Affairs University of South Florida Polytechnic 3433 Winter Lake Road Lakeland FL 33803-9714 USA;

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正文语种 eng
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关键词
Convergence; Panel; U.S. house prices; R31;

机译：融合;面板;美国房价;R31;

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Convergence in U.S. house prices by state: evidence from the club convergence and clustering procedure

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