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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 [ Documentos de trabajo del Instituto Complutense de Análisis Económico; nº 03, 2010, ] (Unpublished)
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Official URL: http://eprints.ucm.es/11737/
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: | 2010 |
| Number: | 03 |
| ID Code: | 11737 |
| Deposited On: | 03 Dec 2010 09:29 |
| Last Modified: | 06 Jun 2017 12:21 |
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