| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22699 |
| 来源ID | Working Paper 22699 |
| House Valuations and Economic Growth: Some International Evidence | |
| Joshua Aizenman; Yothin Jinjarak; Huanhuan Zheng | |
| 发表日期 | 2016-10-03 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper evaluates the relation between house prices and economic growth. Using a dataset that covers house prices for 19 countries from the first quarter of 1975 to the third quarter of 2013. We find that house price appreciations are positively associated with economic growth, while the relation between house price depreciations and economic growth is highly non-linear, depending on country-specific characteristics. In the absence of concurrent banking crisis, large house price depreciations (rather than prolonged and modest ones) are positively associated with economic growth. We also find that the positive association between house price depreciations and economic growth is more pronounced in countries with civil-law legal systems, in countries without mortgage insurance or personal bankruptcy law. |
| 主题 | International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w22699 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580372 |
| 推荐引用方式 GB/T 7714 | Joshua Aizenman,Yothin Jinjarak,Huanhuan Zheng. House Valuations and Economic Growth: Some International Evidence. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22699.pdf（563KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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