dc.contributor.author | Buzynnyk, Anastasiia | |
dc.contributor.author | Somyk, Kateryna | |
dc.date.accessioned | 2018-12-14T13:49:42Z | |
dc.date.available | 2018-12-14T13:49:42Z | |
dc.date.issued | 2018 | |
dc.identifier.uri | http://hdl.handle.net/11250/2577803 | |
dc.description | Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2018 | nb_NO |
dc.description.abstract | We 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.iso | eng | nb_NO |
dc.publisher | Handelshøyskolen BI | nb_NO |
dc.subject | finans | nb_NO |
dc.subject | finance | nb_NO |
dc.title | Testing for predictive power of price/rent ratio for determining house prices in OECD countries | nb_NO |
dc.type | Master thesis | nb_NO |