An unequal reaction of housing starts to house prices in different regions of Poland DOI
Krzysztof Olszewski, Jacek Łaszek, Joanna Waszczuk

и другие.

Bank i Kredyt., Год журнала: 2023, Номер Vol. 54(No. 4), С. 437 - 458

Опубликована: Июль 31, 2023

In this article, we examine the developer’s decisions regarding construction under process in relation to prices 16 voivodeship capital cities, i.e. biggest real estate markets Poland. Our aim is determine whether developers react a similar fashion different or significant differences can be observed. The problem of housing availability important for mobility workers and, therefore, an factor sustainable regional development We study correlation leads and lags cycles house primary secondary market wages with new way. find that there strong between However, no clear pattern observed smaller markets, which calls further research.

Язык: Английский

A review of Phillips‐Sul approach‐based club convergence tests DOI
Mateusz Tomal

Journal of Economic Surveys, Год журнала: 2023, Номер 38(3), С. 899 - 930

Опубликована: Май 11, 2023

Abstract The Phillips‐Sul approach to testing the club convergence hypothesis has attracted considerable research interest in recent years due its advantages over alternative methods. This paper aims review theoretical papers that extend approach, empirical studies apply approach‐based tests, as well software used execute these revealed that, first, seen modifications regarding procedure of trend extraction from time series, log t regression and algorithm clustering panel units into clubs. Second, been widely not only economics finance but also ecological, energy health studies. Finally, provides guidance for further development approach. is useful researchers practitioners investigating processes.

Язык: Английский

Процитировано

29

Detecting housing bubble in Poland: Investigation into two housing booms DOI
Radosław Trojanek, Michał Głuszak, Justyna Tanaś

и другие.

Habitat International, Год журнала: 2023, Номер 140, С. 102928 - 102928

Опубликована: Сен. 27, 2023

Язык: Английский

Процитировано

17

Regional house price convergence: implications of monetary policy DOI Creative Commons
Pin-te Lin,

Armand Robberts

Regional Studies, Год журнала: 2023, Номер 58(5), С. 968 - 980

Опубликована: Авг. 31, 2023

Motivated by the structural change since adoption of inflation targeting in October 1992, this research investigates regional house price convergence UK over period 1973:Q4–2020:Q4. By using subsample comparisons, results show that all regions inflation-targeting regime converges to one club until Global Financial Crisis. The finding suggests successful policy can promote integration among regions.

Язык: Английский

Процитировано

4

Supply, Demand and Asymmetric Adjustment of House Prices in Poland DOI Creative Commons
Michał Głuszak, Radosław Trojanek

Real Estate Management and Valuation, Год журнала: 2024, Номер 32(2), С. 31 - 45

Опубликована: Янв. 1, 2024

Abstract In recent years, a lot of empirical effort has been made to search for potential nonlinear responses house prices various demand and supply factors. This paper examines Poland's heterogeneous regional housing market reactions key economic variables from 2000 2022. The study raises two research questions related the asymmetric adjustment markets selected shocks. Firstly, we ask whether price adjustments negative shocks are relatively minor (for example, during an downturn) when compared positive (prevalent in booming markets), mainly due loss aversion behavior theory nominal rigidity prices. particular, test hypothesis that react more impulses than ones. Secondly, investigate similar large small metropolitan markets. second posits adjust asymmetrically based on city size (population stock given city). uses ARDL model hypotheses empirically. provides new insights into exogenous adds limited evidence less developed economies.

Язык: Английский

Процитировано

1

From Administrative Price to Market Value of Real Estate. The Evolution of the Valuation System in Poland DOI Creative Commons
Sabina Źróbek, Małgorzata Renigier‐Biłozor, Ryszard Źróbek

и другие.

Real Estate Management and Valuation, Год журнала: 2024, Номер 32(3), С. 127 - 142

Опубликована: Сен. 1, 2024

Abstract The article applies the method of historical research, using a temporal perspective dating back to 1985, trace evolution market valuation principles for real estate in Poland. These evolved similarly those many other post-socialist countries, influenced by political and socio-economic transformations resulting list objectives which these values became essential. changing legal regulations allowing emergence development free played decisive role this process. It was also period preparing professionals meet requirements. Today, methodology valuation, under increasing pressure from various entities rapid advancement intelligent data collection processing technologies, is undergoing further evolution. In including Poland, lively discussions disputes are ongoing regarding authorization statistical tools automated models practice. possibilities being considered particularly context mass property valuations tax purposes. involves analysis Polish provisions, foreign literature, documents proving gradual marketization principles.

Язык: Английский

Процитировано

1

Housing affordability analysis in Kazakhstan based on D-HAQ model DOI Creative Commons

Daulet Mukayev,

Urpash Shalbolova, Justyna Tanaś

и другие.

JOURNAL OF INTERNATIONAL STUDIES, Год журнала: 2022, Номер 15(4), С. 28 - 42

Опубликована: Дек. 1, 2022

Housing affordability is an acute socio-economic problem in many countries, and Kazakhstan no exception. The purpose of the article to assess purchasing houses regions Kazakhstan, taking into account dynamic changes household income expenditures. analysis used data from 17 for 2021, which were collected Bureau National Statistics, Statistical Bulletin Bank, analytical web portal. Based on data, three indicators – down payment (DPA), monthly repayment (MRA), indicator TAM, time achieve adequate MRA calculated. Then Affordability Quadrant was built. results showed that all are located third quadrant. This means households these have difficulty making both payments. Full housing any part country not observed. under preferential mortgage lending program assessed, as a result, improved only slightly. authors concluded lower solvency payments, less effective effect increasing by lowering interest rate loans. Instead, it recommended take state control prices real estate market each region Kazakhstan.

Язык: Английский

Процитировано

6

Convergence in R&D Expenditure in the European Union: A Club Convergence and KMeans Clustering Analysis DOI

Bernard Banyuls,

José Carlos Vides

Journal of the Knowledge Economy, Год журнала: 2024, Номер unknown

Опубликована: Ноя. 9, 2024

Язык: Английский

Процитировано

0

Boosted Whittaker–Henderson Graduation DOI Creative Commons

Zihan Jin,

Hiroshi Yamada

Mathematics, Год журнала: 2024, Номер 12(21), С. 3377 - 3377

Опубликована: Окт. 29, 2024

The Whittaker–Henderson (WH) graduation is a smoothing method for equally spaced one-dimensional data such as time series. It includes the Bohlmann filter, Hodrick–Prescott (HP) and Whittaker special cases. Among them, HP filter most prominent trend-cycle decomposition macroeconomic series real gross domestic product. Recently, modification of boosted (bHP) has been developed, several studies have conducted. basic idea to achieve more desirable by extracting long-term fluctuations remaining in residuals. Inspired modification, this paper develops version WH graduation, which bHP case. Then, we establish its properties that are fundamental applied work. To investigate properties, use spectral penalty matrix

Язык: Английский

Процитировано

0

House Price Dynamics in Istanbul: District-Level Analysis of Convergence Clubs, Spillovers, and Key Drivers DOI Creative Commons
Lokman Gündüz,

Mustafa Çakır,

Oğuzhan Çepni

и другие.

Borsa Istanbul Review, Год журнала: 2024, Номер unknown

Опубликована: Дек. 1, 2024

Язык: Английский

Процитировано

0

Urban Reviewers and the Non-Post-Socialist Municipalism in Poland and Pre-2022 Ukraine DOI
Łukasz Drozda

Опубликована: Янв. 1, 2024

Язык: Английский

Процитировано

0