Property and the economy in the short-term and the long-run
Applied Economics, 2001, vol. 33, issue 3, 327-337
This study inquires into the relationships between property and the economy in both short-term and long-run. It has been made evident that property is an integrated part of the economy and its performance is closely related to a variety of economic activities, especially the real sectors in the economy. Moreover, the relationships of property with other sectors in the economy are stronger in the long-run than that in the short-term, due to the long-run attribute of property development and investment.
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