Co-movement of real estate prices: a study of Brazil’s three largest cities

Autores/as

DOI:

https://doi.org/10.14393/REE-v39n2a2024-68400

Palabras clave:

Property Prices, Price transmission, Time series

Resumen

The objective of the paper is to verify the existence of transmission of residential real estate prices among Brazilian cities. The strategy adopted was to analyze the time series of prices and estimate an Autoregressive Vector Model - VAR for panel data and Granger causality tests for the three largest cities in Brazil (São Paulo, Rio de Janeiro and Belo Horizonte) between the period 2009-2017. The results point out that each local market has the determining power in price formation. However, an important result of the study was to verify transmission relationship between cities.

Descargas

Los datos de descarga aún no están disponibles.

Biografía del autor/a

  • Jadson Pessoa, UFMA

    Professor in the Department of Economics at the Federal University of Maranhão (UFMA).  E-mail: jadson.pessoa@ufma.br

  • Sérgio Rivero, UFCG

    Professor of the Academic Unit of Economics at the Federal University of Campina Grande (UFCG). E-mail:   sergio.medeiros@professor.ufcg.edu.br

Descargas

Publicado

2024-12-20

Número

Vol. 39 Núm. 2 (2024)

Sección

Artigos

Licencia

Direitos Autorais para artigos publicados nesta revista são do autor, com direitos de primeira publicação para a revista. Em virtude da aparecerem nesta revista de acesso público, os artigos são de uso gratuito, com atribuições próprias, em aplicações educacionais e não-comerciais.

Cómo citar

PESSOA, Jadson; RIVERO, Sérgio. Co-movement of real estate prices: a study of Brazil’s three largest cities. Revista Economia Ensaios, Uberlândia, Minas Gerais, Brasil, v. 39, n. 2, 2024. DOI: 10.14393/REE-v39n2a2024-68400. Disponível em: https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/68400. Acesso em: 6 dec. 2025.