{"id":465,"date":"2020-04-27T20:37:41","date_gmt":"2020-04-27T12:37:41","guid":{"rendered":"http:\/\/localhost:8888\/?p=465"},"modified":"2025-12-24T20:16:45","modified_gmt":"2025-12-24T12:16:45","slug":"asymmetric-causality-between-unemploy-ment-rate-and-house-prices-in-each-state-of-the-u-s","status":"publish","type":"post","link":"https:\/\/www.gssinst.org\/irer\/2020\/04\/27\/asymmetric-causality-between-unemploy-ment-rate-and-house-prices-in-each-state-of-the-u-s\/","title":{"rendered":"Asymmetric Causality between Unemploy-ment Rate and House Prices in each State of the U.S."},"content":{"rendered":"\t\t
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Article<\/div>

Asymmetric Causality between Unemployment Rate and House Prices in each State of the U.S.<\/p>

Author<\/p>

Start Page \/ End Page<\/p>

Volume<\/p>

Issue Number<\/p>

Year<\/p>

Publication<\/p><\/div>

<\/p>

Mohsen Bahmani-Oskooee, Seyed Hesam Ghodsi<\/p>

71 \/ 92<\/p>

21<\/p>

1<\/p>

2018<\/p>

International Real Estate Review<\/p><\/div>

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Abstract<\/p>


The Great Recession of 2008 in the U.S. was mostly attributed to the U.S. housing market bubble that came to an end in 2007. In this paper, we provide empirical evidence on the above conjecture by detecting the asymmetric causality between house prices and unemployment rate in each state of the U.S. We find that indeed, decreases in house prices cause unemployment in 39 states. There is evidence in only 19 states that an increase in house prices causes unemployment. Since an asymmetric analysis requires the use of nonlinear models, we use nonlinear models and find evidence of asymmetric cointegration between the two variables in all states.<\/p>

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View PDF -https:\/\/doi.org\/10.53383\/100355<\/strong><\/a><\/p>

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Keywords<\/p>

<\/p>

House Prices, Unemployment Rate, Asymmetry, United States<\/p>

Back to Previous Page<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

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Author<\/p>\n

Start Page \/ End Page<\/p>\n

Volume<\/p>\n

Issue Number<\/p>\n

Year<\/p>\n

Publication<\/p>\n<\/div>\n

\n<\/p>\n

Mohsen Bahmani-Oskooee, Seyed Hesam Ghodsi<\/p>\n

275 \/ 294<\/p>\n

21<\/p>\n

2<\/p>\n

2018<\/p>\n

International Real Estate Review<\/p>\n<\/div>\n

Keywords<\/p>\n

House Prices, Unemployment Rate, Asymmetry, United States<\/p>\n

Download Entire Article.\"download-pdf-large\" <\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"article-template.php","format":"standard","meta":[],"categories":[39,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/465"}],"collection":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/comments?post=465"}],"version-history":[{"count":5,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/465\/revisions"}],"predecessor-version":[{"id":4767,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/465\/revisions\/4767"}],"wp:attachment":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/media?parent=465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/categories?post=465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/tags?post=465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}