University of Tabriz Applied Theories of Economics 2423-6586 11 3 2024 11 21 Estimation of housing price bubble in Iran and selected countries (Spatial panel approach) Estimation of housing price bubble in Iran and selected countries (Spatial panel approach) 71 88 18809 10.22034/ecoj.2024.63055.3339 FA MohammadReza Monjazeb Associate Professor, Department of Economics, Public Affairs, Kharazmi University, Tehran, Iran Mohsen Ebrahimi Associate Professor, Department of Economics, Public Affairs, Kharazmi University, Tehran, Iran Leila Irvani Master of Economic Sciences, Kharazmi University, Tehran, Iran Journal Article 2024 08 30 Housing price fluctuations in Iran during the last two decades have been one of the main challenges of the housing market. In one period, there has been a significant increase in housing prices, and in another period, housing prices have been reduced or very stable. Fluctuations have caused many changes in the housing sector and in the entire economy. Therefore, it is necessary to identify the shocks affecting the Iranian housing market and compare the amount of the existing bubble compared to the global housing bubble. In this research, an attempt has been made to calculate the real housing price bubble. For this purpose, real housing price index variables, inflation rate, real GDP per capita, unemployment rate, population and real exchange rate have been used. The studied period is annually from 2005-2022 and the sections include 42 selected countries. The data analysis method is spatial panel and Stata, Eviuse and Geoda software were used. The research results confirm the existence of a housing price bubble in Iran and 12 other countries. The amount of housing bubble in Iran is reported to be lower than other bubble countries Housing price fluctuations in Iran during the last two decades have been one of the main challenges of the housing market. In one period, there has been a significant increase in housing prices, and in another period, housing prices have been reduced or very stable. Fluctuations have caused many changes in the housing sector and in the entire economy. Therefore, it is necessary to identify the shocks affecting the Iranian housing market and compare the amount of the existing bubble compared to the global housing bubble. In this research, an attempt has been made to calculate the real housing price bubble. For this purpose, real housing price index variables, inflation rate, real GDP per capita, unemployment rate, population and real exchange rate have been used. The studied period is annually from 2005-2022 and the sections include 42 selected countries. The data analysis method is spatial panel and Stata, Eviuse and Geoda software were used. The research results confirm the existence of a housing price bubble in Iran and 12 other countries. The amount of housing bubble in Iran is reported to be lower than other bubble countries https://ecoj.tabrizu.ac.ir/article_18809_f357e05d6db044339eefd7d156bfb6cc.pdf