Balasubramanyan, Lakshmi; Coulson, Edward - In: Journal of Housing Economics 22 (2013) 1, pp. 36-44
At the national level, business starts and housing prices both fell dramatically over the 2007–2009 period. Using a … proprietary database of business starts this paper quantitatively models the interaction between house price and business starts … between house prices and business starts depends on the size of the business starts; a robust link exists between house prices …