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Short-run and Long-run Determinants of House Prices in Eastern and Western European Countries

Maruška Vizek

Puni tekst: engleski, pdf (490 KB) str. 27-60 preuzimanja: 1.693* citiraj
APA 6th Edition
Vizek, M. (2010). Short-run and Long-run Determinants of House Prices in Eastern and Western European Countries. Privredna kretanja i ekonomska politika, 20 (125), 27-60. Preuzeto s https://hrcak.srce.hr/64147
MLA 8th Edition
Vizek, Maruška. "Short-run and Long-run Determinants of House Prices in Eastern and Western European Countries." Privredna kretanja i ekonomska politika, vol. 20, br. 125, 2010, str. 27-60. https://hrcak.srce.hr/64147. Citirano 02.12.2020.
Chicago 17th Edition
Vizek, Maruška. "Short-run and Long-run Determinants of House Prices in Eastern and Western European Countries." Privredna kretanja i ekonomska politika 20, br. 125 (2010): 27-60. https://hrcak.srce.hr/64147
Harvard
Vizek, M. (2010). 'Short-run and Long-run Determinants of House Prices in Eastern and Western European Countries', Privredna kretanja i ekonomska politika, 20(125), str. 27-60. Preuzeto s: https://hrcak.srce.hr/64147 (Datum pristupa: 02.12.2020.)
Vancouver
Vizek M. Short-run and Long-run Determinants of House Prices in Eastern and Western European Countries. Privredna kretanja i ekonomska politika [Internet]. 2010 [pristupljeno 02.12.2020.];20(125):27-60. Dostupno na: https://hrcak.srce.hr/64147
IEEE
M. Vizek, "Short-run and Long-run Determinants of House Prices in Eastern and Western European Countries", Privredna kretanja i ekonomska politika, vol.20, br. 125, str. 27-60, 2010. [Online]. Dostupno na: https://hrcak.srce.hr/64147. [Citirano: 02.12.2020.]
Puni tekst: hrvatski, pdf (129 KB) str. 27-60 preuzimanja: 430* citiraj
APA 6th Edition
Vizek, M. (2010). Kratkoročne i dugoročne determinante cijena nekretnina u Istočnoj i Zapadnoj Europi. Privredna kretanja i ekonomska politika, 20 (125), 27-60. Preuzeto s https://hrcak.srce.hr/64147
MLA 8th Edition
Vizek, Maruška. "Kratkoročne i dugoročne determinante cijena nekretnina u Istočnoj i Zapadnoj Europi." Privredna kretanja i ekonomska politika, vol. 20, br. 125, 2010, str. 27-60. https://hrcak.srce.hr/64147. Citirano 02.12.2020.
Chicago 17th Edition
Vizek, Maruška. "Kratkoročne i dugoročne determinante cijena nekretnina u Istočnoj i Zapadnoj Europi." Privredna kretanja i ekonomska politika 20, br. 125 (2010): 27-60. https://hrcak.srce.hr/64147
Harvard
Vizek, M. (2010). 'Kratkoročne i dugoročne determinante cijena nekretnina u Istočnoj i Zapadnoj Europi', Privredna kretanja i ekonomska politika, 20(125), str. 27-60. Preuzeto s: https://hrcak.srce.hr/64147 (Datum pristupa: 02.12.2020.)
Vancouver
Vizek M. Kratkoročne i dugoročne determinante cijena nekretnina u Istočnoj i Zapadnoj Europi. Privredna kretanja i ekonomska politika [Internet]. 2010 [pristupljeno 02.12.2020.];20(125):27-60. Dostupno na: https://hrcak.srce.hr/64147
IEEE
M. Vizek, "Kratkoročne i dugoročne determinante cijena nekretnina u Istočnoj i Zapadnoj Europi", Privredna kretanja i ekonomska politika, vol.20, br. 125, str. 27-60, 2010. [Online]. Dostupno na: https://hrcak.srce.hr/64147. [Citirano: 02.12.2020.]

Sažetak
This paper uses cointegration and error-correction models to examine the long-run and short-run behavior of house prices in Eastern and Western European countries. Four post-transition (Bulgaria, Croatia, the Czech Republic, and Estonia) and three developed EU countries (Ireland, Spain, and the U.K.) are included in the sample. House price behavior for each country is modeled separately as a function of income, interest rates, credit, construction activity, and employment. The results of the empirical analysis suggest that, in the long run, interest rate changes explain house price behavior in both groups of countries, while income changes are only relevant for Western European countries. Along with interest rates and income, house prices in both groups of countries react in the short run to changes in the construction activity. Moreover, house price persistence is important for short-run house price changes in both groups of countries. Housing loan changes also affect the short-run house price behavior, but this effect is limited to Eastern European countries.

Ključne riječi
determinants of house prices; housing markets; cointegration; Central and Eastern Europe; Western Europe

Hrčak ID: 64147

URI
https://hrcak.srce.hr/64147

[hrvatski]

Posjeta: 2.843 *