Housing and Business Cycle

Housing and Business Cycle
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住房和经济周期

DOI：
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发表时间：
2001
期刊：
影响因子：
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通讯作者：
Paloma Taltavull de La Paz
Paloma Taltavull de La Paz
中科院分区：
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文献类型：
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作者：
I. Fernández;Paloma Taltavull de La Paz

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住房投资是经济周期中波动性较大的组成部分之一。这是一种关系，但在西班牙经济中没有体现出来。本文试图通过这种方式深入寻找一个计量经济学的联系来解释西班牙住房建设与经济发展之间的联系以及两者之间存在的滞后。我们使用协整技术和误差修正模型来寻找时间滞后，并给出一些经济学解释，显示西班牙房地产市场如何运作和清晰。
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.