Is Housing Activity a Leading Indicator?

Jammie H. Penm and R.D. Terrell

The Economic Record, 1994, vol. 70, issue 210, 241-252

Abstract: We investigate whether housing activity is a leading indicator of general activity using two dynamic systems. In the national account system, the results indicate that dwelling investment contains leading information for gross national expenditure. In a five‐variable system including a measure of economic activity, housing activity, money, prices and a short‐term interest rate, housing activity is found to provide an important linkage between economic activity and the rest of the system. These results consistently affirm that housing activity is a leading indicator of general economic activity.

Date: 1994
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1475-4932.1994.tb01844.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ecorec:v:70:y:1994:i:210:p:241-252

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0013-0249

Access Statistics for this article

The Economic Record is currently edited by Paul Miller, Glenn Otto and Martin Richardson

More articles in The Economic Record from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().