¿Condiciona la población la dinámica de la actividad inmobiliaria? Un análisis de cointegración para el caso español
Zeitschrift:
Investigación económica
ISSN: 0185-1667
Datum der Publikation: 2016
Ausgabe: 75
Nummer: 297
Seiten: 103-124
Art: Artikel
Andere Publikationen in: Investigación económica
Ziele für nachhaltige Entwicklung
Zusammenfassung
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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