Skip to main content

Table 1 Housing price correlation matrix across 18 OECD countries

From: Cultural similarities and housing market linkage: evidence from OECD countries

R 2 AUS BEL CAN DEN FIN FRA GER IRL ITA JPN NLD NZL NOR ESP SWE CHE UK US
AUS 1.00                  
BEL 0.93 1.00                 
CAN 0.93 0.89 1.00                
DEN 0.79 0.82 0.67 1.00               
FIN 0.75 0.61 0.72 0.59 1.00              
FRA 0.93 0.93 0.91 0.82 0.73 1.00             
GER 0.33 0.29 0.22 0.50 0.49 0.39 1.00            
IRL 0.72 0.75 0.53 0.85 0.53 0.72 0.52 1.00           
ITA 0.51 0.56 0.49 0.38 0.39 0.63 0.25 0.56 1.00          
JPN 0.12 0.17 0.07 0.26 0.01 0.15 0.08 0.12 0.00 1.00         
NLD 0.73 0.83 0.56 0.81 0.46 0.70 0.43 0.90 0.48 0.19 1.00        
NZL 0.95 0.90 0.90 0.83 0.70 0.90 0.32 0.70 0.45 0.14 0.68 1.00       
NOR 0.93 0.87 0.90 0.81 0.73 0.89 0.32 0.62 0.34 0.18 0.65 0.92 1.00      
ESP 0.77 0.79 0.66 0.76 0.67 0.82 0.56 0.87 0.71 0.04 0.79 0.73 0.62 1.00     
SWE 0.81 0.79 0.83 0.68 0.57 0.81 0.17 0.46 0.31 0.31 0.51 0.79 0.84 0.48 1.00    
CHE 0.13 0.04 0.23 0.01 0.34 0.12 0.00 0.00 0.05 0.13 0.01 0.10 0.13 0.04 0.14 1.00   
UK 0.94 0.87 0.83 0.83 0.81 0.91 0.45 0.84 0.56 0.07 0.77 0.90 0.86 0.87 0.69 0.13 1.00  
US 0.75 0.75 0.60 0.81 0.59 0.75 0.43 0.93 0.59 0.06 0.81 0.74 0.66 0.85 0.47 0.02 0.89 1.00