Convergence and divergence in British housing space
研究英国各地区房价的趋同程度，发现两个相邻的区域组，价格变化从南向北传导，伦敦偏离东南部，其房价不能代表英格兰南部。
The degree of convergence that exists among British house prices is an open question. Inferences vary with the method applied and periods considered. Using the rank of the cointegrating matrix among four decades of regional data, two contiguous groups of regions are revealed. These super-regions have some common members through which price changes are transmitted from south to north. With London found to be deviating from the South East, neither it nor the UK are likely to be indicative of the regional series of the south of England.