Does TFP drive housing prices? a growth accounting exercise for four countries

Alessio Moro and Galo Nuño Barrau

No 1133, Working Papers from Banco de España

Abstract: Housing prices diverge from construction prices after 1997 in four major countries. Besides, TFP differences between construction and the general economy account for the evolution of construction prices in the U.S. and Germany, but not in the U.K. and Spain.

Keywords: Housing prices; TFP; growth accounting; Cobb-Douglas (search for similar items in EconPapers)
JEL-codes: E01 E23 E25 E32 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2011-12
New Economics Papers: this item is included in nep-eec, nep-eff, nep-mac and nep-ure
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http://www.bde.es/f/webbde/SES/Secciones/Publicaci ... /11/Fich/dt1133e.pdf First version, December 2011 (application/pdf)

Related works:
Working Paper: Does TFP drive Housing Prices? A Growth Accounting Exercise for Four Countries (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:1133

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