Panel Analysis of Polish Regional Cities: Residential Price Convergence in the Primary Market

@article{Matysiak2019PanelAO,
  title={Panel Analysis of Polish Regional Cities: Residential Price Convergence in the Primary Market},
  author={George Andrew Matysiak and Krzysztof Olszewski},
  journal={Econometric Modeling: Microeconometric Studies of Health},
  year={2019}
}
We employ two methodologies in order to identify groupings of cities and to analyse the factors which drive convergence in residential prices across Polish prime markets over the period 2007-2018. The Phillips and Sul (2007) methodology is used to identify convergence in primary residential prices in the major Polish cities. The results indicate that residential prices do not converge to a single common trend. However, we find the existence of three distinct sub-groups of cities (‘clubs’) where… 
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