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Table 8 Results of cultural similarities, conduct conformity 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 0.012 0.024** 0.004 −0.002 −0.001 −0.006 0.008*** 0.007*** 0.008*** −0.011 −0.013 − 0.016
  (1.67) (3.05) (0.58) (−0.21) (−0.06) (− 0.73) (4.61) (4.25) (4.37) (−0.94) (−0.87) (−1.50)
HI
CullnRHP t − 1
0.096*** 0.111*** 0.089*** 0.137*** 0.140*** 0.134*** 0.066*** 0.071*** 0.059*** 0.116*** 0.116*** 0.117***
(8.54) (9.18) (8.22) (8.39) (7.93) (8.65) (9.31) (8.16) (9.41) (7.74) (7.73) (7.79)
TralnRHP t − 1 −0.172*    −0.045    −0.167*    −0.027   
  (−2.32)    (−0.62)    (−2.40)    (−0.35)   
GeolnRHP t − 1   −0.026***    −0.004    −0.011*    −0.000  
   (−3.98)    (−0.71)    (−2.14)    (−0.07)  
FDIlnRHP t − 1    0.002    0.002    −0.002    0.002
    (1.34)    (1.91)    (−1.35)    (1.30)
lnGDPpc t 0.221*** 0.261*** 0.153** 0.219*** 0.222*** 0.177*** 0.289*** 0.278*** 0.247*** 0.215*** 0.210*** 0.195***
  (4.23) (4.98) (3.10) (4.09) (4.12) (3.53) (5.52) (5.41) (5.14) (4.09) (3.98) (3.90)
lnPD t 1.246*** 0.988*** 1.256*** 1.304*** 1.267*** 1.301*** 1.269*** 1.230*** 1.231*** 1.539*** 1.535*** 1.523***
  (8.43) (6.09) (8.49) (8.28) (7.51) (8.29) (9.40) (9.21) (9.19) (11.35) (10.66) (11.21)
LIR t −1.073*** −1.084*** −1.091*** −1.009*** −1.010*** −1.018*** −1.282*** −1.329*** −1.246*** −1.333*** −1.335*** −1.333***
  (−5.15) (−5.25) (−5.23) (−4.72) (−4.73) (−4.78) (−6.35) (−6.46) (−6.19) (−6.37) (−6.37) (−6.38)
Country-specific Effect Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Cons 1.785*** 0.760** 1.592*** 1.664*** 1.481*** 1.696*** 1.340*** 0.824*** 0.959*** 1.880*** 1.834*** 1.928***
  (7.92) (2.79) (7.89) (7.26) (5.84) (8.25) (7.20) (5.16) (6.91) (8.04) (5.41) (8.53)
N 828 828 828 828 828 828 828 828 828 828 828 828