An Analysis of House Prices and Economic Activity in the Frequency Domain for Selected OECD Countries

被引：0

作者：

Aldaz, Natalia ^{[1
]}

Millan, Joaquin A. ^{[2
]}

机构：

[1] Univ Lleida, Dept Business Adm & Nat Resources Econ & Manageme, Lleida, Spain

[2] Tech Univ Madrid UPM, Dept Agr Econ Stat & Business Adm, Madrid, Spain

来源：

PROCEEDINGS ICABR 2015: X. INTERNATIONAL CONFERENCE ON APPLIED BUSINESS RESEARCH | 2015年

关键词：

House prices; Personal Domestic Income; Frequency Domain; Granger causality; GRANGER CAUSALITY;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper aims to examine the causal relationship between real house prices growth and economic growth (real PDI, personal disposable income) for 23 countries and to an aggregate. To this end, we employ a Granger causality test in the frequency domain to distinguish short and middle (temporary) and long-run (lasting) causality. This paper contributes to the housing and the macroeconomic literature being the first study investigating causality between house prices and growth in high and low frequencies.

引用

页码：23 / 36

页数：14

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