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Table 9 Results of housing supply elasticity, 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 0.057*** 0.060*** 0.054*** 0.058*** 0.048*** 0.064*** 0.014*** 0.012** 0.016*** 0.058*** 0.054*** 0.056***
  (7.76) (6.35) (8.95) (5.97) (4.25) (7.63) (3.73) (3.23) (4.22) (5.88) (4.11) (6.95)
SupE1
CullnRHP t − 1
−0.019*** −0.019*** −0.021*** −0.027*** −0.025*** −0.031*** −0.005 −0.003 −0.006 −0.013 −0.013 −0.016*
(−4.36) (−4.38) (−4.70) (−4.95) (−4.57) (−5.70) (−0.98) (− 0.55) (−1.13) (−1.70) (−1.73) (−2.00)
TralnRHP t − 1 −0.038    0.095    0.158*    −0.007   
  (−0.51)    (1.35)    (2.49)    (−0.09)   
GeolnRHP t − 1   −0.004    0.012*    0.019***    0.002  
   (−0.65)    (2.32)    (4.79)    (0.30)  
FDIlnRHP t − 1    0.003*    0.004**    0.001    0.002
    (2.18)    (2.96)    (0.89)    (1.43)
lnGDPpc t 0.300*** 0.306*** 0.253*** 0.301*** 0.268*** 0.288*** 0.372*** 0.296*** 0.442*** 0.277*** 0.269*** 0.258***
  (5.68) (5.63) (5.22) (5.61) (4.91) (5.98) (6.83) (5.52) (9.58) (5.13) (4.98) (5.06)
lnPD t 0.970*** 0.925*** 0.979*** 1.077*** 1.221*** 1.052*** 1.039*** 1.101*** 1.060*** 1.227*** 1.243*** 1.219***
  (6.58) (5.49) (6.71) (6.82) (7.06) (6.74) (7.35) (7.87) (7.49) (9.04) (8.52) (8.99)
LIR t −0.801*** −0.799*** −0.798*** −0.858*** −0.874*** −0.820*** −1.149*** −1.054*** −1.178*** −1.029*** −1.027*** −1.019***
  (−3.72) (−3.70) (−3.72) (−3.88) (−3.96) (−3.74) (−5.38) (−4.96) (−5.50) (−4.80) (−4.79) (−4.76)
Country-specific Effect Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Cons 0.213 0.009 0.276 0.103 0.704** 0.324* 0.287 1.043*** 0.570*** 0.443** 0.519 0.508***
  (1.33) (0.03) (1.85) (0.61) (2.58) (1.99) (1.73) (6.05) (3.93) (2.76) (1.70) (3.54)
N 828 828 828 828 828 828 828 828 828 828 828 828