An examination of the pass-through of disaggregated energy prices to real house price: Evidence from the United States

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dc.authoridhttps://orcid.org/0000-0002-6459-9898en_US
dc.authoridhttps://orcid.org/0000-0001-5355-3707en_US
dc.contributor.authorUzuner, Gizem
dc.contributor.authorUsman, Ojonugwa
dc.contributor.authorAlola, Andrew Adewale
dc.date.accessioned2023-07-11T09:48:03Z
dc.date.available2023-07-11T09:48:03Z
dc.date.issued2021en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractOur study investigates the dynamic pass-through of energy prices (crude oil price, electricity price, natural gas price, and coal price) to real house price in the United States using the data from 1970 to 2017. Based on the autoregressive distributed lag (ARDL) model, the empirical results suggest an incomplete pass-through for all the energy prices to real house price both in the long run and short run except for longrun pass-through of crude oil price which is complete with statistically insignificant parameter. The Granger causality results reveal a feedback effect between natural gas price and real house price, output growth and real house price, natural gas price and crude oil price, coal price and electricity price, and output growth and coal price. In addition, a unidirectional causal relationship is found running from crude oil price, natural gas price, real house price, and coal price to electricity price. Again, we find that crude oil price is the cause of coal price in Granger sense. Therefore, our findings provide insights into proper design of energy policy that reduces the transmission of energy price shocks to house price in the United States.en_US
dc.identifier.doi10.1002/pa.2638en_US
dc.identifier.endpage10en_US
dc.identifier.issn1472-3891
dc.identifier.issn1479-1854
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85102726621en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage1en_US
dc.identifier.urihttps://hdl.handle.net/11363/4993
dc.identifier.urihttps://doi.org/
dc.identifier.volume22en_US
dc.identifier.wosWOS:000630977000001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorUzuner, Gizem
dc.institutionauthorAlola, Andrew Adewale
dc.language.isoenen_US
dc.publisherWILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJen_US
dc.relation.ispartofJournal of Public Affairsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectARDLen_US
dc.subjectcointegrationen_US
dc.subjectenergy pricesen_US
dc.subjectreal house priceen_US
dc.subjectUnited Statesen_US
dc.titleAn examination of the pass-through of disaggregated energy prices to real house price: Evidence from the United Statesen_US
dc.typeArticleen_US

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