Housing prices diverge from construction prices after 1997 in four major countries. Besides, total-factor productivity (TFP) differences between construction and the general economy account for the evolution of construction prices in the US and Germany, but not in the UK and Spain.
Does total-factor productivity drive housing prices? A growth-accounting exercise for four countries
Moro, A.;
2012-01-01
Abstract
Housing prices diverge from construction prices after 1997 in four major countries. Besides, total-factor productivity (TFP) differences between construction and the general economy account for the evolution of construction prices in the US and Germany, but not in the UK and Spain.
File in questo prodotto:
| File | Dimensione | Formato | |
|---|---|---|---|
|
published_EL.pdf
accesso aperto
Tipologia:
versione post-print (AAM)
Dimensione
540.27 kB
Formato
Adobe PDF
|
540.27 kB | Adobe PDF | Visualizza/Apri |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
