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Housing investment in Spain: has it been the main engine of growth?

Cosculluela Martínez, Carolina and Flores de Frutos, Rafael (2010) Housing investment in Spain: has it been the main engine of growth? [ Documentos de trabajo del Instituto Complutense de Análisis Económico; nº 1003, ] (Unpublished)

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Abstract

This paper studies dynamic responses of employment and GDP growth to a permanent, uni-tary shock in the housing capital stock for the Spanish economy. It quantifies the importance of this variable in the boom experienced by the Spanish economy during the pre-crisis years. Results confirm that building industry has been the most important engine for output and labour growth.


Item Type:Working Paper or Technical Report
Additional Information:

CÓDIGOS JEL: C32, H54, C51, C53, E22

Uncontrolled Keywords:Housing capital stock, Spanish economy, Building industry, Labour growth, Stock de Capital, Capital vivienda, Empleo, Producto Interior Bruto, Crecimiento, Inversión, Growth, Investment, Gross Domestic Product, Labour, Housing Capital, Capital Stock.
Subjects:Social sciences > Economics > Depressions
Social sciences > Economics > Labor
Social sciences > Economics > Industrial organization
Series Name:Documentos de trabajo del Instituto Complutense de Análisis Económico
Volume:
Number:1003
ID Code:11737
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Deposited On:03 Dec 2010 09:29
Last Modified:15 Nov 2013 10:49

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