Ciclo inmobiliario y demográfico. Un análisis de cointegración para el caso español

  1. Díaz Fernández, Montserrat 1
  2. Llorente Marron, Mar 1
  3. Méndez Rodríguez, Paz 1
  1. 1 Universidad Oviedo
Journal:
Lebret

ISSN: 2357-5468,  2145-5996

Year of publication: 2015

Issue: 7

Pages: 155-174

Type: Article

DOI: 10.15332/RL.V0I7.1523 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Lebret

Abstract

The relationship between the real estate cycle and demographic behavior in Spain during the period 1975-2013 is analyzed. The existence of a pattern of behavior between the two cycles following the traditional methodology of time series studies are empirically evaluated. A model error correction is specified. The domain of the long-term effect on the short term is evaluated. The model detects a long-term equilibrium between the two series, a cointegrating equation that displays the domain of the real number estate series.

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