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Dissertation - Analysis Econometrics - R Software Assessment Answer
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Dissertation Assessment Answer
Assignment Task: It is about of the Analysis Econometrics: spatial correlation analysis. I was thinking to use STATA or R software to run the tests to choose the right model for the regressions and all the analysis. What I need is find the Dominant Housing market and the interactions of one market when another housing market changes ( to do this, I think is necessary another analysis econometrics). A previous of the attempt of my research follows below:
"This paper examines the spatial correlation patterns of the dominant housing investment market in Australian State and Territories. This paper used a panel error correction model to explore the spatial correlation patterns of housing investment in Australian States and Territories. A dominant housing market was identi?ed using the two-stage Engle-Granger test and VAR Granger causality tests. Impulse response functions based on the developed panel error correction model were additionally employed to find the impacts of housing investment movements on neighboring states and territories to a one-unit shock in the housing investment level in the dominant housing market. Monthly data by the Australian Bureau of Statistics “Lending to households for investment dwellings by state and territory” from January 2003 to December 2018 was used."
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