Object

Title: Modeling of residential property prices index using committees of artificial neural networks for PIGS, the European-G8, and Poland

Creator:

Wiśniewski, Radosław

Description:

Argumenta Oeconomica, 2017, Nr 1 (38), s. 145-194

Abstrakt:

This paper develops models of residential property prices indices for PIGS, the European-G8 and Poland using a committee of artificial neural networks approach. Quarterly time series data are applied for testing and the empirical results suggest that population growth, unemployment rate, final consumption expenditure, net national income (ANNI), household final consumption expenditure, long-term interest rates, HICP rate of change of housing, water, electricity, gas and other fuels, HICP housing services, HICP actual rentals for housing, and HICP maintenance and repair of the dwelling are the major determinants of the residential property price index in PIGS, the European-G8 and Poland.The developed models show that the economic and financial situation in a given country affects the residential property markets. Residential property markets are connected, despite the fact that they are situated in different parts of Europe. The economic and financial crisis in the countries of the PIGS group affects not only the PIGS markets but also the real estate markets of the European-G8 and Poland.The results also suggest that a methodology based on a committee of artificial neural networks has the ability to learn, generalize, and converge the residential property prices index

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2017

Resource Type:

artykuł

Resource Identifier:

oai:dbc.wroc.pl:36706

Language:

eng

Relation:

Argumenta Oeconomica, 2017, Nr 1 (38)

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Group publication title:

Argumenta Oeconomica

Format:

application/pdf

Object collections:

Last modified:

May 26, 2022

In our library since:

May 15, 2017

Number of object content hits:

559

Number of object content views in PDF format

555

All available object's versions:

https://dbc.wroc.pl/publication/40513

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