The Role of Macroeconomic Fundamentals in the Determination of House Prices
Keywords:
Business, Economics, Finance, Macroeconomic, GDPAbstract
This paper attempts to explain the variance of housing prices as a function of macroeconomic fundamentals. The analysis is based on data from six advanced countries. The sample range is from 2001-2012. A panel regression procedure is applied to the data set. The findings suggest that house prices can be interpreted as a function of macroeconomic variables. These macroeconomic variables include percentage real GDP growth, the current account and first differences in the current account as a percent of GDP, first differences in the imbalance between investment and savings, and the public debt as a percent of GDP.
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Published
2016-10-01
How to Cite
Allen, L., Barnes, C., & Lynch, H. (2016). The Role of Macroeconomic Fundamentals in the Determination of House Prices. Journal of Applied Business and Economics, 18(5). Retrieved from https://mail.articlegateway.com/index.php/JABE/article/view/865
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