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Keywords: Disposable income
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Journal Articles
House prices, disposable income and permanent and temporary shocks: The NZ, UK and US experience
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Journal of European Real Estate Research (2012) 5 (1): 5–28.
Published: 04 May 2012
... disposable income, or long‐run elasticities are equal to short‐run elasticities, our prior knowledge of the long‐run parameters are not unbiased, thus we do not have the necessary information to construct the traditional second‐stage specification of an ECM, i.e. the disequilibrium error (Thomas, 1996, pp...
