Regional Studies ( IF 4.595 ) Pub Date : 2021-08-13 , DOI: 10.1080/00343404.2021.1955097 Thi Thu Ha Nguyen 1 , Hatice Ozer Balli 1 , Faruk Balli 2 , Iqbal A. Syed 1
ABSTRACT
The study examines the relationship between immigration and regional housing markets using wavelet coherence analysis in conjunction with Granger causality tests. We find that while there are some regional differences in the relationships, the impact of immigration on house rents is consistently more pronounced than the impact on house prices and, in the short to medium term, an increase in immigration leads to a decrease in price-to-rent ratios. The study uses data sets for different regional housing markets in New Zealand, a country with one of the highest immigration-to-population ratios in the world during the sample period of 1996–2017.
中文翻译:
移民和区域住房市场:价格、租金、价格与租金比率和失衡
摘要
该研究使用小波相干性分析和格兰杰因果检验来检验移民与区域住房市场之间的关系。我们发现,虽然关系存在一些地区差异,但移民对房租的影响始终比对房价的影响更为明显,并且在中短期内,移民的增加会导致房价的下降——租金比率。该研究使用了新西兰不同区域住房市场的数据集,新西兰是 1996 年至 2017 年样本期间移民与人口比率最高的国家之一。