Testing for bubbles in EU and US property markets
| dc.contributor.advisor | Χρίστου, Χριστίνα | |
| dc.contributor.author | Διακουμή, Παναγιώτα | |
| dc.date.accessioned | 2015-12-18T11:14:53Z | |
| dc.date.available | 2015-12-18T11:14:53Z | |
| dc.date.issued | 2015-06-30 | |
| dc.identifier.uri | https://dione.lib.unipi.gr/xmlui/handle/unipi/7870 | |
| dc.format.extent | 103 | el |
| dc.language.iso | en | el |
| dc.publisher | Πανεπιστήμιο Πειραιώς | el |
| dc.rights | Αναφορά Δημιουργού 4.0 Διεθνές | * |
| dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές | * |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | * |
| dc.title | Testing for bubbles in EU and US property markets | el |
| dc.type | Bachelor Dissertation | el |
| dc.contributor.department | Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής Διοικητικής | el |
| dc.description.abstractEN | This study detects explosive behavior and bubbles in US and EU property markets, specifically the EU countries which were examined are United Kingdom, Finland, Italy, France, Denmark, Germany and Spain. The methodology used to test for bubbles is the Phillips, Shi and Yu (2011) and Phillips, Wu and Yu (2011). These tests are applied to the datasets of OECD of real house prices, nominal house prices to rent ratio and nominal house prices to income ratio for the time period from 1980 to 2014. The results of the second methodology are shown to be more powerful and used to detect and to date the origin and the end of the bubbles. The findings coincided with many bubble episodes which have been reported in the literature. | el |
| dc.subject.keyword | Bubble | el |
| dc.subject.keyword | House prices | el |
| dc.subject.keyword | SADF | el |
| dc.subject.keyword | GSADF | el |
| dc.subject.keyword | Right-tailed unit root tests | el |
| dc.subject.keyword | Date-stamping | el |
| dc.subject.keyword | Bubble periods | el |
| dc.subject.keyword | Price-to-rent ratio | el |
| dc.subject.keyword | Price-to-income ratio | el |
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