Is there a housing wealth effect in European countries?

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Croatian Review of Economic, Business and Social Statistics, Vol. 2 No. 2, 2016.

Original scientific paper

https://doi.org/10.1515/crebss-2016-0011

Is there a housing wealth effect in European countries?

Anita Čeh Časni orcid.org/0000-0002-2742-8619 ; Faculty of Economics and Business, University of Zagreb, Croatia

Full text: english pdf 219 Kb

page 30-40

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APA 6th Edition

Čeh Časni, A. (2016). Is there a housing wealth effect in European countries?. Croatian Review of Economic, Business and Social Statistics, 2 (2), 30-40. https://doi.org/10.1515/crebss-2016-0011

MLA 8th Edition

Čeh Časni, Anita. "Is there a housing wealth effect in European countries?." Croatian Review of Economic, Business and Social Statistics, vol. 2, no. 2, 2016, pp. 30-40. https://doi.org/10.1515/crebss-2016-0011. Accessed 22 Nov. 2024.

Chicago 17th Edition

Čeh Časni, Anita. "Is there a housing wealth effect in European countries?." Croatian Review of Economic, Business and Social Statistics 2, no. 2 (2016): 30-40. https://doi.org/10.1515/crebss-2016-0011

Harvard

Čeh Časni, A. (2016). 'Is there a housing wealth effect in European countries?', Croatian Review of Economic, Business and Social Statistics, 2(2), pp. 30-40. https://doi.org/10.1515/crebss-2016-0011

Vancouver

Čeh Časni A. Is there a housing wealth effect in European countries?. Croatian Review of Economic, Business and Social Statistics [Internet]. 2016 [cited 2024 November 22];2(2):30-40. https://doi.org/10.1515/crebss-2016-0011

IEEE

A. Čeh Časni, "Is there a housing wealth effect in European countries?", Croatian Review of Economic, Business and Social Statistics, vol.2, no. 2, pp. 30-40, 2016. [Online]. https://doi.org/10.1515/crebss-2016-0011

Abstract

In this study, a housing wealth effect on personal consumption is assumed and tested on 16 selected European countries using an estimator developed for dynamic heterogeneous panel data analysis. Empirical estimates have shown that there is a long-run and a short-run housing wealth effect in analysed countries. The elasticity of real private consumption to changes in real disposable income has shown to be positive and statistically significant as well as the elasticity of consumption to changes in real housing wealth. Therefore, the research hypothesis of this paper of a statistically significant and positive long term relationship between housing wealth and private consumption in the analysed countries was confirmed.

Keywords

European countries; housing wealth effect; personal consumption; pooled mean group estimator

Hrčak ID:

171043

URI

https://hrcak.srce.hr/171043

Publication date:

22.12.2016.

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