Pair-Wise Analysis of Intra-City Price Convergence Within the Paris Housing Market


  • Working Paper series


  • We examine long-run house price convergence across the twenty Paris districts using a quarterly dataset that spans from 1991 to 2014. Our econometric modelling exercise adopts a pair wise approach that is built on a probabilistic test for convergence based on house price differentials. We find that more than 50% of the intra-city house price differentials that can be computed are stationary. Our findings further reveal that the half-life of a shock to long-run price equilibrium is affected positively by unemployment, distance and housing supply.

fecha de publicación

  • 2015-11

Líneas de investigación

  • Cointegration
  • House Prices
  • Pair-Wise
  • Paris
  • Speed of Adjustment


  • 15-39