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Table 7 Results of cultural similarities, information dissemination efficiency 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 0.017* 0.025** 0.010 0.003 0.008 −0.005 0.011*** 0.010*** 0.011*** 0.029* 0.036** 0.023
  (2.11) (3.05) (1.21) (0.29) (0.91) (−0.51) (6.01) (5.76) (5.92) (2.33) (2.72) (1.81)
MedC
CullnRHP t − 1
0.002*** 0.003*** 0.002*** 0.003*** 0.005*** 0.003*** 0.002*** 0.002*** 0.001*** 0.002** 0.003** 0.002*
(4.60) (5.84) (4.07) (6.65) (6.66) (6.78) (7.20) (6.07) (7.52) (2.68) (3.09) (2.22)
TralnRHP t − 1 −0.186*    − 0.170*    −0.227**    − 0.106   
  (−2.23)    (−2.04)    (−2.79)    (−1.23)   
GeolnRHP t − 1             
   −0.038***    −0.029***    −0.028**    −0.019*  
   (−4.21)    (−3.37)    (−3.28)    (− 1.96)  
FDIlnRHP t − 1    −0.002    − 0.003*    −0.003*    −0.001
    (−1.38)    (−2.23)    (−2.56)    (−0.45)
lnGDPpc t 0.282*** 0.326*** 0.241*** 0.252*** 0.274*** 0.214*** 0.310*** 0.312*** 0.269*** 0.275*** 0.287*** 0.256***
  (5.28) (6.08) (4.81) (4.65) (5.09) (4.18) (5.82) (5.96) (5.39) (5.11) (5.35) (5.00)
lnPD t 0.843*** 0.375* 0.905*** 0.904*** 0.540** 0.973*** 0.692*** 0.415* 0.721*** 1.068*** 0.873*** 1.076***
  (5.81) (2.00) (6.26) (5.84) (2.76) (6.36) (4.87) (2.38) (5.11) (7.84) (5.07) (7.89)
LIR t −0.881*** −0.844*** −0.917*** −0.965*** −0.951*** −1.000*** −0.970*** − 0.999*** −0.971*** −1.026*** −1.036*** − 1.035***
  (−4.12) (−3.98) (−4.29) (−4.45) (−4.40) (−4.62) (−4.68) (− 4.83) (− 4.68) (− 4.81) (− 4.87) (− 4.85)
Country-specific Effect Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Cons 0.619*** − 1.041** 0.336* 0.751*** −0.529 0.441** − 0.131 −1.700*** − 0.499* 0.554*** − 0.320 0.413**
  (3.73) (−2.80) (2.27) (4.24) (−1.49) (2.78) (−0.78) (−3.51) (− 2.49) (3.51) (−0.77) (2.70)
N 828 828 828 828 828 828 828 828 828 828 828 828