Consumer Durables Spending and Housing Market Activity

Alan Carruth and Andrew Henley

Scottish Journal of Political Economy, 1992, vol. 39, issue 3, 261-71

Abstract: Recent British experience suggests important relationships between housing market activity and consumer durables spending. This paper examines direct and indirect relationships; the former through the complementarity of housing and durable goods, the latter through housing equity withdrawal effects. Aggregate U.K. time-series econometric evidence is presented that finds significant evidence for both effects. An estimate of the elasticity of durables spending with respect to house prices of 0.4 is obtained for 1988. The authors conclude that this is further evidence of the important role of the housing market in the U.K. macroeconomy. Copyright 1992 by Scottish Economic Society.

Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (5)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:scotjp:v:39:y:1992:i:3:p:261-71

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0036-9292

Access Statistics for this article

Scottish Journal of Political Economy is currently edited by Tim Barmby, Andrew Hughes-Hallett and Campbell Leith

More articles in Scottish Journal of Political Economy from Scottish Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().