House prices and labour productivity growth: Evidence from OECD countries

Hassan Gholipour Fereidouni, Mohammad Reza Farzanegan () and Mohammed N. Abu Al-Foul

Construction Management and Economics, 2024, vol. 42, issue 6, 582-589

Abstract: This study examines the association between real house prices and labour productivity growth in 24 OECD countries over the period 1972–2019. By applying the panel fixed effects and Pooled Mean Group-Autoregressive Distributed Lag (PMG-ARDL) estimators, the results show that labour productivity growth is negatively and significantly associated with real house prices. This finding provides empirical support for the ongoing discussion on the adverse impact of excessive housing market activities on productivity.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/01446193.2023.2291082 (text/html)
Access to full text is restricted to subscribers.

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:taf:conmgt:v:42:y:2024:i:6:p:582-589

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RCME20

DOI: 10.1080/01446193.2023.2291082

Access Statistics for this article

Construction Management and Economics is currently edited by Will Hughes

More articles in Construction Management and Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().