CONSTRUCCIÓN, VIVIENDA Y CRÉDITO. SU RELEVANCIA EN LA ECONOMÍA ESPAÑOLA
The article analyses the effect of construction on the economy supporting the argument that construction sector has strongly contributed to economic growth through its multipliers effects. Relationship among house-building and credit supply is approached using a VAR model with quarterly data of star...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Facultad de Ciencias Sociales y Jurídicas, Universidad de Jaén
2013-01-01
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| Series: | Revista de Estudios Empresariales. Segunda Época |
| Subjects: | |
| Online Access: | http://revistaselectronicas.ujaen.es/index.php/REE/article/view/733/747 |
| _version_ | 1818752445609672704 |
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| author | Raul Pérez Sánchez Paloma Taltavull de la Paz |
| author_facet | Raul Pérez Sánchez Paloma Taltavull de la Paz |
| author_sort | Raul Pérez Sánchez |
| collection | DOAJ |
| description | The article analyses the effect of construction on the economy supporting the argument that construction sector has strongly contributed to economic growth through its multipliers effects. Relationship among house-building and credit supply is approached using a VAR model with quarterly data of starts and numbers of mortgage loans and estimating the long term relationship in a two-period time (1962-1981 and 1982-2012). The structural VAR with break trend estimated suggests that credit flows and starts relationship has changed from one period to another being significant in the long term during 1982-2012. It gives empirical evidence to recognize the relevance of credit flows to explain the building cycle previously to the credit crunch. |
| first_indexed | 2024-12-18T04:51:35Z |
| format | Article |
| id | doaj.art-d8ba8ed064a0474fa3e83e2c61deb4c0 |
| institution | Directory Open Access Journal |
| issn | 0213-8964 1988-9046 |
| language | English |
| last_indexed | 2024-12-18T04:51:35Z |
| publishDate | 2013-01-01 |
| publisher | Facultad de Ciencias Sociales y Jurídicas, Universidad de Jaén |
| record_format | Article |
| series | Revista de Estudios Empresariales. Segunda Época |
| spelling | doaj.art-d8ba8ed064a0474fa3e83e2c61deb4c02022-12-21T21:20:25ZengFacultad de Ciencias Sociales y Jurídicas, Universidad de JaénRevista de Estudios Empresariales. Segunda Época0213-89641988-90462013-01-012Número 2/2012, Época 27395CONSTRUCCIÓN, VIVIENDA Y CRÉDITO. SU RELEVANCIA EN LA ECONOMÍA ESPAÑOLARaul Pérez SánchezPaloma Taltavull de la PazThe article analyses the effect of construction on the economy supporting the argument that construction sector has strongly contributed to economic growth through its multipliers effects. Relationship among house-building and credit supply is approached using a VAR model with quarterly data of starts and numbers of mortgage loans and estimating the long term relationship in a two-period time (1962-1981 and 1982-2012). The structural VAR with break trend estimated suggests that credit flows and starts relationship has changed from one period to another being significant in the long term during 1982-2012. It gives empirical evidence to recognize the relevance of credit flows to explain the building cycle previously to the credit crunch.http://revistaselectronicas.ujaen.es/index.php/REE/article/view/733/747construction sectorhouse-buildingmortgageSpain. |
| spellingShingle | Raul Pérez Sánchez Paloma Taltavull de la Paz CONSTRUCCIÓN, VIVIENDA Y CRÉDITO. SU RELEVANCIA EN LA ECONOMÍA ESPAÑOLA Revista de Estudios Empresariales. Segunda Época construction sector house-building mortgage Spain. |
| title | CONSTRUCCIÓN, VIVIENDA Y CRÉDITO. SU RELEVANCIA EN LA ECONOMÍA ESPAÑOLA |
| title_full | CONSTRUCCIÓN, VIVIENDA Y CRÉDITO. SU RELEVANCIA EN LA ECONOMÍA ESPAÑOLA |
| title_fullStr | CONSTRUCCIÓN, VIVIENDA Y CRÉDITO. SU RELEVANCIA EN LA ECONOMÍA ESPAÑOLA |
| title_full_unstemmed | CONSTRUCCIÓN, VIVIENDA Y CRÉDITO. SU RELEVANCIA EN LA ECONOMÍA ESPAÑOLA |
| title_short | CONSTRUCCIÓN, VIVIENDA Y CRÉDITO. SU RELEVANCIA EN LA ECONOMÍA ESPAÑOLA |
| title_sort | construccion vivienda y credito su relevancia en la economia espanola |
| topic | construction sector house-building mortgage Spain. |
| url | http://revistaselectronicas.ujaen.es/index.php/REE/article/view/733/747 |
| work_keys_str_mv | AT raulperezsanchez construccionviviendaycreditosurelevanciaenlaeconomiaespanola AT palomataltavulldelapaz construccionviviendaycreditosurelevanciaenlaeconomiaespanola |