Spatio-temporal diffusion of residential land prices across Taipei regions

Nanda, Anupam; Yeh, Jia-Huey

doi:10.1186/2193-1801-3-505

SpringerPlus

Table 5 Granger causality between 41 local housing markets

From: Spatio-temporal diffusion of residential land prices across Taipei regions

Pairwise Granger causality in Taipei City
	Central Taipei					Rest of Taipei
→	XY	DN	ZE	ZA	SO	BT	SL	NG	NH	WS	DT	WH
XY	-	0.54	0.514	1.430	0.862	3.083	2.901	0.247	1.081	0.046	1.422	0.225
DN	2.957^*	-	0.271	1.196	0.496	0.746	7.111	0.461	1.296	1.319	2.388^*	0.287
ZE	4.262	1.631	-	1.308	0.226	0.052	6.195^*	1.732	0.732	1.496	6.099^*	2.595^*
ZA	0.792	0.293	2.102	-	0.643	2.132	2.045	0.163	3.210^**	1.309	0.820	0.420
SO	0.019^**	7.617^***	1.254	0.001	-	3.109^**	1.148	0.088	0.673	0.253	0.725	0.551
BT	2.602^*	0.021	0.346	0.098	0.587	-	3.466^**	0.111	0.736	0.647	1.730	0.777
SL	0.160^*	5.134^**	0.915	0.361	1.191	3.996^**	-	0.132	1.001	1.291	0.546	0.796
NG	2.952^*	0.561	1.608	2.551^***	0.095	1.345	0.375	-	1.254	1.483	9.601^*	0.951
NH	2.173	4.051^**	1.491	0.662	1.614	1.072	7.766^**	0.659	-	0.427	8.416^**	4.819^**
WS	5.761^**	2.177	0.130	0.803	0.641	0.944	4.699^**	0.485	0.307	-	5.985^**	1.507
DT	3.766^**	2.607	1.608	1.549	0.197	0.920	2.981	0.001	5.354^**	4.026^**	-	0.016
WH	1.855	0.339	0.782	3.215^**	0.173	0.907	4.565^**	0.078	0.566	0.234	0.455	-
Pairwise Granger in the Satellite City
→	BC	SC	YH	JH	SU	SN	TU	LO	SI	DS	SK
BC	-	1.603	2.022	0.711	0.427	2.611^*	3.182^*	0.576	0.521	1.197	0.183
SC	0.190	-	0.576	0.831	0.864	1.632	1.376	2.462^*	0.477	1.050	0.874
YH	0.060	0.572	-	0.498	1.924	0.351	1.975	0.443	1.278	0.018	0.392
JH	0.963	0.048	0.346	-	0.819	0.569	0.321	0.129	1.878	0.048	0.862
SU	3.251^*	0.801	1.134	0.057	-	1.190	4.556^**	0.103	0.474	1.456	0.932
SN	1.502	0.342	0.191	0.654	1.897	-	2.978^*	0.606	0.609	0.696	0.802
TU	1.278	0.318	0.553	2.004	0.167	0.191	-	0.696	0.154	1.578	0.900
LO	1.847	0.222	0.577	0.876	1.415	0.345	1.103	-	0.354	1.384	4.181^**
SI	1.011	1.643	0.983	0.732	0.463	1.450	0.606	0.381	-	0.577	1.198
DS	0.565	1.322	1.295	1.870	0.486	0.209	3.057^**	2.204	1.336	-	0.389
SK	0.962	1.470	1.631	1.116	0.616	4.417^**	0.405	0.165	1.911	0.595	-
Pairwise Granger causality in the Western Periphery
→	BL	WG	TA	LK	SH	YG	SA
BL	-	0.025	0.996	0.122	1.627	0.166	0.192
WG	2.480^*	-	6.631^***	4.861^**	3.281^*	2.200	2.510^*
TA	8.55^***	0.750	-	2.249	2.331	0.754	4.970^**
LK	9.305^***	1.207	0.421	-	1.305	0.204	0.414
SH	2.123	1.413	0.416	0.421	-	0.210	1.287
YG	4.271^**	0.561	2.669^*	3.267^*	2.834^*	-	0.605
SA	3.138^**	0.088	1.652	0.706	0.061	0.856	-
Pairwise Granger causality in the Eastern Periphery
→	WU	SD	PL	PS	SS	GL	RF	JS	WL	SJ	SM
WU	-	1.478	0.443	2.302	0.971	0.027	1.892	3.293^**	0.940	0.263	0.662
SD	1.222	-	0.665	0.836	2.865^*	0.872	1.496	0.154	0.080	1.252	0.561
PL	0.622	1.041	-	2.219	0.141	0.314	1.730	1.085	0.553	0.553	4.181^**
PS	1.425	1.536	0.327	-	2.635^*	0.723	0.114	1.213	0.240	0.101	0.140
SS	4.079^**	0.669	0.706	0.246	-	0.031	1.287	0.108	0.130	1.179	0.596
GL	2.668^***	0.290	0.391	1.957	4.142^**	-	0.354	4.056^**	1.178	1.245	0.466
RF	2.591^***	0.678	0.040	0.169	0.133	1.525	-	3.341^**	0.032	0.657	1.737
JS	0.893	1.233	0.224	0.492	0.827	0.334	0.452	-	0.135	1.757	0.437
WL	0.644	0.373	0.224	0.275	2.041	0.016	0.266	1.918	-	3.572^**	0.413
SJ	0.849	2.608^*	1.548	2.894^*	1.814	2.559^*	0.643	0.083	2.019	-	0.098
SM	1.304	2.002	0.388	0.358	0.024	0.969	0.141	0.133	2.688^***	5.423^*	-

Note: The bivariate results are F-statistics based on 2 lags. ‘***’, ‘**’, and ‘*’ denote 1 percent, 5 percent and 10 percent significance levels.

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