Please use this identifier to cite or link to this item:
https://ruomo.lib.uom.gr/handle/7000/440
Title: | On the macroeconomic determinants of the housing market in Greece: a VECM approach |
Authors: | Panagiotidis, Theodore Printzis, Panagiotis |
Type: | Article |
Subjects: | FRASCATI::Social sciences::Economics and Business::Economics |
Keywords: | Housing market Greece VECM Impulse response function Granger causality |
Issue Date: | Jul-2016 |
Source: | International Economics and Economic Policy |
Volume: | 13 |
Issue: | 3 |
First Page: | 387 |
Last Page: | 409 |
Abstract: | This study examines the role of the housing market in the Greek economy. We review the literature and assess the interdependence between the housing price index and its macroeconomic determinants within a VECM framework. An equilibrium relationship exists and in the long run the retail sector and mortgage loans emerge as the most important variables for housing. The dynamic analysis shows that the mortgage loans followed by retail trade are the variables with the most explanatory power for the variation of the houses price index. |
URI: | https://doi.org/10.1007/s10368-016-0345-3 https://ruomo.lib.uom.gr/handle/7000/440 |
Other Identifiers: | 10.1007/s10368-016-0345-3 |
Appears in Collections: | Department of Economics |
Files in This Item:
File | Description | Size | Format | |
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IEEP Panagiotidis Printzis 2016.pdf | 470,7 kB | Adobe PDF | View/Open |
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