THE DYNAMIC RELATIONSHIP BETWEEN THE RESIDENTIAL REAL ESTATE MARKETS, MACRO – ECONOMY AND INSTITUTIONAL DEVELOPMENT: EVIDENCE FROM EU COUNTRIES

Elena Ionașcu ()
Additional contact information
Elena Ionașcu: Alexandru Ioan Cuza University of Iasi, Romania
Authors registered in the RePEc Author Service: Elena Ionascu

EURINT, 2019, vol. 6, 75-107

Abstract: The peculiar characteristics of the real estate properties and their production process determine the multi dimension research perspectives. This research investigates the dynamic relationships between the residential construction output, construction market, housing market, urbanization and institutional development across European Union (EU) countries. Using a VECM approach, the long-run and short-run patterns of the residential construction activities are analysed. The estimated results suggest that the residential construction output is mostly elastic to the conditions of the construction industry and housing market. The positive effect of the institutional development on construction activity appears to be significant only in some of the EU countries.

Keywords: residential construction; housing market; institutions; equilibrium (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://cse.uaic.ro/eurint/proceedings/index_htm_files/EURINT_2019_ION.pdf (application/pdf)

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:jes:eurint:y:2019:v:6:p:75-107

Access Statistics for this article

More articles in EURINT from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC.
Bibliographic data for series maintained by Alupului Ciprian ().