@article{Kyriazakou_Panagiotidis_2014, title={Linear and nonlinear causality in the UK housing market: a regional approach}, volume={3}, url={https://reunido.uniovi.es/index.php/EBL/article/view/10429}, DOI={10.17811/ebl.3.4.2014.288-297}, abstractNote={We examine the causal relationship between 12 UK regional house prices. Our data span from 1983:Q1 to 2012:Q4. The causal linkages both for the first differences and the levels are examined via Granger causality. The former allows us to examine short-run predictability while the latter the long-run. We relax the assumption of linearity and examine nonlinear causality both for the levels and the first differences. We find that long-run causality among the regions is mainly linear while in the short-run is nonlinear. London’s effect on the other regions is found to be mainly nonlinear in the short-run.}, number={4}, journal={Economics and Business Letters}, author={Kyriazakou, Eleni and Panagiotidis, Theodore}, year={2014}, month={Dec.}, pages={288–297} }