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

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)

−0.117

0.008

0.129^*

−0.047

(−1.58)

(0.12)

(2.04)

(−0.60)

−0.003

0.011^*

0.018^***

0.009

(−0.45)

(2.18)

(4.74)

(1.33)

0.003^*

0.004^**

0.001

0.003^*

(2.24)

(3.00)

(1.11)

(2.15)

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)

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)

−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)

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

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)

828

828

828

828

828

828

828

828

828

828

828

828