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Residential Construction Activity in OECD Economies
Author(s) -
Arestis Philip,
GonzálezMartínez Ana Rosa
Publication year - 2015
Publication title -
the manchester school
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.361
H-Index - 42
eISSN - 1467-9957
pISSN - 1463-6786
DOI - 10.1111/manc.12072
Subject(s) - homogeneous , context (archaeology) , economics , investment (military) , economy , sample (material) , monetary economics , market economy , international economics , macroeconomics , geography , politics , political science , chemistry , physics , archaeology , chromatography , law , thermodynamics
Six years after the burst of the housing bubble in some of the main world economies, the recovery does not follow a homogeneous pattern among them. In this context, it is necessary to pay attention to the evolution of residential investment, which traditionally has played an important role in the revival of the economy after previous episodes of bubbles in the housing market. In the second stage of our study, we test our conceptual framework by means of a sample of 17 OECD countries which spans the period 1970 to 2013.