%0 Report
%A Cosculluela Martínez, Carolina
%A Flores de Frutos, Rafael
%T Housing investment in Spain: has it been the main engine of growth?
%J Documentos de trabajo del Instituto Complutense de Análisis Económico
%D 2010
%U https://hdl.handle.net/20.500.14352/48950
%X This 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.
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