Browsing Research Centres & Groups by Authors
Florida metropolitan housing markets: examining club convergence and geographical market segmentationApergis, Nicholas; Payne, James; University of Derby; University of Texas at El Paso (Taylor and Francis, 2020-06-10)This study explores the convergence of housing prices for 21 metropolitan areas within the state of Florida for the quarterly period 1987:2 to 2017:3. The examination of house price differentials between metropolitan and state-level house prices using a battery of univariate and panel unit root testing approaches yielded mixed results with respect to the presence of convergence. However, the Phillips-Sul (2007; 2009) club convergence approach identifies four distinct convergence clubs for metropolitan area house prices within Florida with a relatively clear geographical segmentation of the housing market.
The influence of economic policy uncertainty and geopolitical risk on U.S. citizens overseas air passenger travel by regional destinationApergis, Nicholas; Payne, James; University of Derby; University of Texas at El Paso (SAGE, 2020-12-22)This research note extends the literature on the role of economic policy uncertainty and geopolitical risk on U.S. citizens overseas air travel through the examination of the forecast error variance decomposition of total overseas air travel and by regional destination. Our empirical findings indicate that across regional destinations U.S. economic policy uncertainty explains more of the forecast error variance of U.S. overseas air travel followed by geopolitical risk with global economic policy uncertainty explaining a much smaller percentage of the forecast error variance.