Skip to main content

Table 10 Results of government participation, cultural similarities and international housing price linkage

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

lnRHP t Dyen (1) Dyen (2) Dyen (3) API (1) API (2) API (3) WF1 (1) WF1 (2) WF1 (3) WF2 (1) WF2 (2) WF2 (3)
CullnRHP t − 1 0.097*** 0.092*** 0.088*** 0.115*** 0.099*** 0.116*** 0.035*** 0.035*** 0.038*** 0.119*** 0.104*** 0.116***
  (9.75) (8.41) (10.49) (8.71) (7.21) (10.15) (4.72) (4.83) (5.30) (7.82) (6.53) (8.53)
GovP
CullnRHP t − 1
−0.164*** −0.157*** −0.163*** −0.222*** −0.213*** −0.234*** −0.080*** −0.082*** −0.090*** −0.242*** − 0.252*** −0.259***
(−7.25) (−7.08) (−7.33) (−7.91) (−7.76) (−8.55) (−3.38) (−3.52) (−3.78) (−5.49) (−5.62) (−5.80)
TralnRHP t − 1 −0.117    0.008    0.129*    −0.047   
  (−1.58)    (0.12)    (2.04)    (−0.60)   
GeolnRHP t − 1   −0.003    0.011*    0.018***    0.009  
   (−0.45)    (2.18)    (4.74)    (1.33)  
FDIlnRHP t − 1    0.003*    0.004**    0.001    0.003*
    (2.24)    (3.00)    (1.11)    (2.15)
lnGDPpc t 0.265*** 0.240*** 0.193*** 0.264*** 0.203*** 0.217*** 0.352*** 0.259*** 0.399*** 0.238*** 0.196*** 0.199***
  (5.07) (4.41) (3.96) (5.01) (3.73) (4.50) (6.47) (4.77) (8.50) (4.44) (3.57) (3.87)
lnPD t 1.233*** 1.211*** 1.251*** 1.304*** 1.453*** 1.307*** 1.209*** 1.282*** 1.244*** 1.541*** 1.622*** 1.537***
  (8.14) (7.05) (8.29) (8.21) (8.43) (8.30) (8.08) (8.69) (8.34) (10.56) (10.17) (10.58)
LIR t −0.824*** −0.843*** −0.845*** −0.812*** −0.842*** −0.804*** −1.181*** −1.071*** −1.206*** −1.045*** −1.038*** −1.041***
  (−3.92) (−4.01) (−4.04) (−3.76) (−3.92) (−3.76) (−5.61) (−5.11) (−5.73) (−4.98) (−4.95) (−4.97)
Country-specific Effect Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Cons 0.512*** 0.283 0.511*** 0.345* 0.804** 0.511*** 0.447** 1.132*** 0.716*** 0.714*** 1.038*** 0.796***
  (3.32) (1.03) (3.55) (2.14) (3.17) (3.29) (2.77) (6.95) (5.03) (4.48) (3.32) (5.39)
N 828 828 828 828 828 828 828 828 828 828 828 828