THE DYNAMIC RELATIONSHIP BETWEEN THE RESIDENTIAL REAL ESTATE MARKETS, MACRO – ECONOMY AND INSTITUTIONAL DEVELOPMENT: EVIDENCE FROM EU COUNTRIES
The peculiar characteristics of the real estate properties and their production process determine the multi dimension research perspectives. This research investigates the dynamic relationships between the residential construction output, construction market, housing market, urbanization and institu...
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| Format: | Article |
| Language: | English |
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Alexandru Ioan Cuza University of Iasi
2019-12-01
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| Series: | EURINT |
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| Online Access: | http://cse.uaic.ro/eurint/proceedings/index_htm_files/EURINT_2019_ION.pdf |
| _version_ | 1811311850674978816 |
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| author | Elena IONAȘCU |
| author_facet | Elena IONAȘCU |
| author_sort | Elena IONAȘCU |
| collection | DOAJ |
| description | The peculiar characteristics of the real estate properties and their production process determine the multi dimension research perspectives. This research investigates the dynamic relationships between the residential construction output, construction market, housing market, urbanization and institutional development across European Union (EU) countries. Using a VECM approach, the long-run and short-run patterns of the residential construction activities are analysed. The estimated results suggest that the residential construction output is mostly elastic to the conditions of the construction industry and housing market. The positive effect of the institutional development on construction activity appears to be significant only in some of the EU countries. |
| first_indexed | 2024-04-13T10:26:19Z |
| format | Article |
| id | doaj.art-70ffec5f2271446ca9219359b86b180d |
| institution | Directory Open Access Journal |
| issn | 2393-2384 |
| language | English |
| last_indexed | 2024-04-13T10:26:19Z |
| publishDate | 2019-12-01 |
| publisher | Alexandru Ioan Cuza University of Iasi |
| record_format | Article |
| series | EURINT |
| spelling | doaj.art-70ffec5f2271446ca9219359b86b180d2022-12-22T02:50:18ZengAlexandru Ioan Cuza University of IasiEURINT2393-23842019-12-016175107THE DYNAMIC RELATIONSHIP BETWEEN THE RESIDENTIAL REAL ESTATE MARKETS, MACRO – ECONOMY AND INSTITUTIONAL DEVELOPMENT: EVIDENCE FROM EU COUNTRIESElena IONAȘCU0Alexandru Ioan Cuza University of Iasi, RomaniaThe peculiar characteristics of the real estate properties and their production process determine the multi dimension research perspectives. This research investigates the dynamic relationships between the residential construction output, construction market, housing market, urbanization and institutional development across European Union (EU) countries. Using a VECM approach, the long-run and short-run patterns of the residential construction activities are analysed. The estimated results suggest that the residential construction output is mostly elastic to the conditions of the construction industry and housing market. The positive effect of the institutional development on construction activity appears to be significant only in some of the EU countries.http://cse.uaic.ro/eurint/proceedings/index_htm_files/EURINT_2019_ION.pdfresidential constructionhousing marketinstitutionsequilibrium |
| spellingShingle | Elena IONAȘCU THE DYNAMIC RELATIONSHIP BETWEEN THE RESIDENTIAL REAL ESTATE MARKETS, MACRO – ECONOMY AND INSTITUTIONAL DEVELOPMENT: EVIDENCE FROM EU COUNTRIES EURINT residential construction housing market institutions equilibrium |
| title | THE DYNAMIC RELATIONSHIP BETWEEN THE RESIDENTIAL REAL ESTATE MARKETS, MACRO – ECONOMY AND INSTITUTIONAL DEVELOPMENT: EVIDENCE FROM EU COUNTRIES |
| title_full | THE DYNAMIC RELATIONSHIP BETWEEN THE RESIDENTIAL REAL ESTATE MARKETS, MACRO – ECONOMY AND INSTITUTIONAL DEVELOPMENT: EVIDENCE FROM EU COUNTRIES |
| title_fullStr | THE DYNAMIC RELATIONSHIP BETWEEN THE RESIDENTIAL REAL ESTATE MARKETS, MACRO – ECONOMY AND INSTITUTIONAL DEVELOPMENT: EVIDENCE FROM EU COUNTRIES |
| title_full_unstemmed | THE DYNAMIC RELATIONSHIP BETWEEN THE RESIDENTIAL REAL ESTATE MARKETS, MACRO – ECONOMY AND INSTITUTIONAL DEVELOPMENT: EVIDENCE FROM EU COUNTRIES |
| title_short | THE DYNAMIC RELATIONSHIP BETWEEN THE RESIDENTIAL REAL ESTATE MARKETS, MACRO – ECONOMY AND INSTITUTIONAL DEVELOPMENT: EVIDENCE FROM EU COUNTRIES |
| title_sort | dynamic relationship between the residential real estate markets macro economy and institutional development evidence from eu countries |
| topic | residential construction housing market institutions equilibrium |
| url | http://cse.uaic.ro/eurint/proceedings/index_htm_files/EURINT_2019_ION.pdf |
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