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dc.contributor.authorBuzynnyk, Anastasiia
dc.contributor.authorSomyk, Kateryna
dc.date.accessioned2018-12-14T13:49:42Z
dc.date.available2018-12-14T13:49:42Z
dc.date.issued2018
dc.identifier.urihttp://hdl.handle.net/11250/2577803
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2018nb_NO
dc.description.abstractWe study the predictability of price and rent changes by rent-to-price ratio for 20 OECD countries over the period 1970 to 2017. To investigate the relationship we used Vector Error-Correction Model (VECM) and long-horizon model. We constructed bootstrapping procedures to address the issues of biased estimates from the long-horizon model. First, we found that for most countries prices do all the correcting over the long-run time range. Second, there are significant cross-country differences in how rent-to-price ratio defines future rent growth. Third, both models showed completely different results. We concluded that rent-to-price ratio is not a complete predictor of price and rents formations on these markets.nb_NO
dc.language.isoengnb_NO
dc.publisherHandelshøyskolen BInb_NO
dc.subjectfinansnb_NO
dc.subjectfinancenb_NO
dc.titleTesting for predictive power of price/rent ratio for determining house prices in OECD countriesnb_NO
dc.typeMaster thesisnb_NO


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