Housing and Business Cycle
||Fernández, Ismael; Taltavull de la Paz, Paloma
||Housing and Business Cycle
||8th European Real Estate Society Conference (26-29 June 2001) Alicante, Spain
||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.
Post discussion ...
||Housing Market equilibrium
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