On the macroeconomic determinants of the housing market in Greece: a VECM approach
Theodore Panagiotidis and
Panagiotis Printzis ()
Additional contact information
Panagiotis Printzis: University of Macedonia
International Economics and Economic Policy, 2016, vol. 13, issue 3, No 5, 387-409
Abstract This study examines the role of the housing market in the Greek economy. We review the literature and assess the interdependence between the housing price index and its macroeconomic determinants within a VECM framework. An equilibrium relationship exists and in the long run the retail sector and mortgage loans emerge as the most important variables for housing. The dynamic analysis shows that the mortgage loans followed by retail trade are the variables with the most explanatory power for the variation of the houses price index.
Keywords: Housing market; Greece; VECM; Impulse response function; Granger causality (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10368-016-0345-3 Abstract (text/html)
Access to full text is restricted to subscribers.
Working Paper: On the Macroeconomic Determinants of the Housing Market in Greece: A VECM Approach (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:iecepo:v:13:y:2016:i:3:d:10.1007_s10368-016-0345-3
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/10368/PS2
Access Statistics for this article
International Economics and Economic Policy is currently edited by Paul J.J. Welfens, Holger C. Wolf, Christian Pierdzioch and Christian Richter
More articles in International Economics and Economic Policy from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().