Study of the Instability Trend of Rural House Price in Iran

Panahi, Hossein; Aghayari Hir, Tavakkol; Aleemran, Seyed Ali

doi:10.22075/jem.2018.13105.1101

Study of the Instability Trend of Rural House Price in Iran

Document Type : Original Article

Authors

¹ Professor in Economics, Department of Economic Development and Planning, University of Tabriz

² Asistant Professor in Demography, Department of Social Sciences, University of Tabriz

³ Ph.D. Student in Economics, Department of Economic Development and Planning, University of Tabriz

10.22075/jem.2018.13105.1101

Abstract

The objective of this research is to study of the instability trend of rural house price in Iran over the period of first quarter of 1996 to fourth quarter of 2015. To quantitative instability of rural house price, EGARCH model is used. The results indicate that the volatility of rural house price was high in the second quarter of 2001, the second and forth quarter of 2006, the second quarter of 2008 and second quarter of 2014. As among the volatilities respectively, the volatilities of the second quarter of 2006 and second quarter of 2014 were higher than others. Also, in other periods, the volatility of rural house price had a stable trend.

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