Abstract

http://ssrn.com/abstract=1968364
 
 

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Does TFP Drive Housing Prices? A Growth Accounting Exercise for Four Countries


Alessio Moro


University of Cagliari

Galo Nuño


European Central Bank (ECB)

December 5, 2011

Banco de Espana Working Paper No. 1133

Abstract:     
Housing prices diverge from construction prices after 1997 in four major countries. Besides, TFP differences between construction and the general economy account for the evolution of construction prices in the U.S. and Germany, but not in the U.K. and Spain.

Number of Pages in PDF File: 15

Keywords: housing prices, TFP, growth accounting, Cobb-Douglas

JEL Classification: E01, E23, E25, E32

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Date posted: December 5, 2011  

Suggested Citation

Moro, Alessio and Nuño, Galo, Does TFP Drive Housing Prices? A Growth Accounting Exercise for Four Countries (December 5, 2011). Banco de Espana Working Paper No. 1133. Available at SSRN: http://ssrn.com/abstract=1968364 or http://dx.doi.org/10.2139/ssrn.1968364

Contact Information

Alessio Moro (Contact Author)
University of Cagliari ( email )
Via S.Ignazio 17
Cagliari
Italy
HOME PAGE: http://economia.unica.it/deca/
Galo Nuno
European Central Bank (ECB) ( email )
Kaiserstrasse 29
Frankfurt am Main, D-60311
Germany

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