Housing and Business Cycle
Housing investment is one of the component with more volatility inside the business cycle. This is a relationship showed but not demonstrated in Spanish economy. This paper try to deep in this way finding an econometric link explaining how housing construction is connected with the economic evolution in Spain as well as the lags existing between them. We use cointegration technique and error correction model to find time lags and give some economics explanations that show how Spanish housing market works and clear.
Year of publication: |
2001-06
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Authors: | Fernández, Ismael ; La Paz, Paloma Taltavull de |
Institutions: | European Real Estate Society - ERES |
Saved in:
freely available
Extent: | text/html |
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Series: | ERES. |
Type of publication: | Book / Working Paper |
Source: |
Persistent link: https://www.econbiz.de/10011153658
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