Aviso: para depositar documentos, por favor, inicia sesión e identifícate con tu cuenta de correo institucional de la UCM con el botón MI CUENTA UCM. No emplees la opción AUTENTICACIÓN CON CONTRASEÑA
 

Housing investment in Spain: has it been the main engine of growth?

Simple item page
dc.contributor.authorCosculluela Martínez, Carolina
dc.contributor.authorFlores de Frutos, Rafael
dc.date.accessioned2023-06-20T09:12:24Z
dc.date.available2023-06-20T09:12:24Z
dc.date.issued2010
dc.descriptionCÓDIGOS JEL: C32, H54, C51, C53, E22
dc.description.abstractThis paper studies dynamic responses of employment and GDP growth to a permanent, uni-tary shock in the housing capital stock for the Spanish economy. It quantifies the importance of this variable in the boom experienced by the Spanish economy during the pre-crisis years. Results confirm that building industry has been the most important engine for output and labour growth.
dc.description.facultyFac. de Ciencias Económicas y Empresariales
dc.description.facultyInstituto Complutense de Análisis Económico (ICAE)
dc.description.refereedTRUE
dc.description.statusunpub
dc.eprint.idhttps://eprints.ucm.es/id/eprint/11737
dc.identifier.relatedurlhttps://www.ucm.es/icae
dc.identifier.urihttps://hdl.handle.net/20.500.14352/48950
dc.issue.number03
dc.language.isospa
dc.page.total20
dc.publisherFacultad de CC Económicas y Empresariales. Instituto Complutense de Análisis Económico
dc.relation.ispartofseriesDocumentos de trabajo del Instituto Complutense de Análisis Económico
dc.rights.accessRightsopen access
dc.subject.keywordHousing capital stock
dc.subject.keywordSpanish economy
dc.subject.keywordBuilding industry
dc.subject.keywordLabour growth
dc.subject.keywordStock de Capital
dc.subject.keywordCapital vivienda
dc.subject.keywordEmpleo
dc.subject.keywordProducto Interior Bruto
dc.subject.keywordCrecimiento
dc.subject.keywordInversión
dc.subject.keywordGrowth
dc.subject.keywordInvestment
dc.subject.keywordGross Domestic Product
dc.subject.keywordLabour
dc.subject.keywordHousing Capital
dc.subject.keywordCapital Stock.
dc.subject.ucmCrisis económicas
dc.subject.ucmTrabajo
dc.subject.ucmEconomía industrial
dc.subject.unesco5307.06 Fluctuaciones Económicas
dc.titleHousing investment in Spain: has it been the main engine of growth?
dc.typetechnical report
dc.volume.number2010
dcterms.referencesAschauer D.A. (1989a) Does public capital crowd out private capital? Journal of Mone-tary Economics, 24,171–188. Aschauer D.A. (1989b) Is public expenditure productive? Journal of Monetary Eco-nomics, 23,177–200. Granger, C. W. J. and Engle, R. F. (1987) Co-integration and error correction: represen-tation, estimation and testing, Econometrica, 251–276. Flores, R., Gracia, M., and Perez, T. (1998) Public capital stock and economic growth: an analysis of the Spanish economy, Applied Economics, 30, 985–994. Jenkins G.M., and Alavi, A.S. (1981) Some aspects of modelling and forecasting multi-variate time series. Journal of time series analysis, 2, 1-47. Johansen S. (1988), Statistical analysis of cointegration vectors, Journal of Economic Dynamics and Control, 12, 231–254. Johansen S. (1991), Estimation and hypothesis testing of cointegration vectors in gaus-sian vector autoregressive models, Econometrica, 59, 1551–1580. Mas Ivars M., Pérez García P. and Uriel Jiménez E. (2007), El stock y los servicios del capital en España y su distribución territorial, Fundación BBVA. Pereira, A. M. (2000). Is all public capital created equal? Review of Economics and Sta-tistics, 82(3), 513–518, Aug. Pereira, A. M. and Andráz, J. M. (2005). Public investment in transportation infrastruc-ture and economic performance in portugal, Review of Development Economics 9, 177–96. Pereira, A. M. and Andráz, J. M. (2010). On the economic effects of investment in rail-road infrastructures in Portugal, College of William and Mary, Working Papers in economics, No. 96, Universidade do Algarve, Portugal. Pereira, A. M. and Flores de Frutos, R. (1999). Public Capital Accumulation and Private Sector Performance. Journal of Urban Economics, 46, 300–22.
dspace.entity.typePublication

Download

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
1003.pdf
Size:
314.9 KB
Format:
Adobe Portable Document Format
downoload Download

Collections

Documentos de trabajo e informes técnicos