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

Is there a housing wealth effect in European countries?

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

Puni tekst: engleski, pdf (219 KB) str. 30-40 preuzimanja: 304* citiraj
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, br. 2, 2016, str. 30-40. https://doi.org/10.1515/crebss-2016-0011. Citirano 28.07.2021.
Chicago 17th Edition
Čeh Časni, Anita. "Is there a housing wealth effect in European countries?." Croatian Review of Economic, Business and Social Statistics 2, br. 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), str. 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 [pristupljeno 28.07.2021.];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, br. 2, str. 30-40, 2016. [Online]. https://doi.org/10.1515/crebss-2016-0011

Sažetak
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.

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

Hrčak ID: 171043

URI
https://hrcak.srce.hr/171043

Posjeta: 575 *