¿Condiciona la población la dinámica de la actividad inmobiliaria? Un análisis de cointegración para el caso español
Revista:
Investigación económica
ISSN: 0185-1667
Año de publicación: 2016
Volumen: 75
Número: 297
Páginas: 103-124
Tipo: Artículo
Otras publicaciones en: Investigación económica
Objetivos de desarrollo sostenible
Resumen
A model of dynamic interplay between the real estate cycle and dynamic population in Spain is analyzed for the period 1986-2015. The empirical evidence is evaluated according to the traditional methodology of time series studies. A model error correction (MEC) that allows to consider the dynamic adjustment of the variable short and long term is specified. The domain of the long-term effect on the short term is evaluated. The resulting model detects a long-term equilibrium between the two series, cointegrating equation.
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