Real estate and demographic cycle. A co-integration analysis for the Spanish case
The relationship between the real estate cycle and demographic behavior in Spain during the period 1975-2013 is analyzed. The existence of a pattern of behavior between the two cycles following the traditional methodology of time series studies are empirically evaluated. A model error correction is...
| Autor Principal: | Díaz Fernández, Montserrat; Universidad Oviedo |
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| Otros Autores: | Llorente Marron, Mar; Universidad Oviedo, Méndez Rodríguez, Paz; Universidad Oviedo |
| Formato: | info:eu-repo/semantics/article |
| Idioma: | spa |
| Publicado: |
Universidad Santo Tomás seccional Bucaramanga
2015
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| Materias: | |
| Acceso en línea: |
http://revistas.ustabuca.edu.co/index.php/LEBRET/article/view/1523 |
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| Sumario: |
The relationship between the real estate cycle and demographic behavior in Spain during the period 1975-2013 is analyzed. The existence of a pattern of behavior between the two cycles following the traditional methodology of time series studies are empirically evaluated. A model error correction is specified. The domain of the long-term effect on the short term is evaluated. The model detects a long-term equilibrium between the two series, a cointegrating equation that displays the domain of the real number estate series. |
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