## Figure 3.8. Relative Contribution of the Global Factor Varies Across Regions (Percent)

## Source details

**Canonical URL:** [Figure 3.8. Relative Contribution of the Global Factor Varies Across Regions (Percent)](https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-8.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-8.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-8.csv.json)

---

### Dataset overview
- Worksheet name: csv
- rowCount: 17
- columnCount: 1
- Period covered (as described in file): 2002 to 2016
- Model: dynamic factor model estimating the share of variation in house price growth explained by a common global factor

### Key statistics (as recorded in CSV)
- Raw CSV row (columns as in file):  
  Global factor, 35.27, 7.69, , 29.4, 11.37, 22.09

- Interpreted column labels present in file text (preserve original ordering and spacing):  
  "", "Coutry level", "", "", "", "", ""  
  "", "Advanced economies", "Emerging market "  
  "economies,,Europe and other,Asia,North and South America"

### Notes and definitions (verbatim from file)
- "Source: IMF staff estimates."
- "Note: The figure shows the share of the variation in house price growth from 2002 to 2016 explained by a common global factor in the dynamic factor model. Europe and other category includes European countries South Africa and Israel. See Annex 3.2 and 3.3."

*Source: figure3-8.csv (IMF staff estimates).*

---


_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-8.csv_