Residential Construction Activity in OECD Economies

24 Pages Posted: 4 Jun 2015

See all articles by Philip Arestis

Philip Arestis

University of Cambridge - Department of Land Economy; Universidad del País Vasco (UPV/EHU)

Ana Rosa González‐Martínez

Cambridge Econometrics

Date Written: July 2015

Abstract

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.

Suggested Citation

Arestis, Philip and González‐Martínez, Ana Rosa, Residential Construction Activity in OECD Economies (July 2015). The Manchester School, Vol. 83, Issue 4, pp. 451-474, 2015. Available at SSRN: https://ssrn.com/abstract=2614198 or http://dx.doi.org/10.1111/manc.12072

Philip Arestis (Contact Author)

University of Cambridge - Department of Land Economy ( email )

19 Silver Street
Cambridge, CB3 9EP
United Kingdom

Universidad del País Vasco (UPV/EHU)

Barrio Sarriena s/n
Leioa, Bizkaia 48940
Spain

Ana Rosa González‐Martínez

Cambridge Econometrics

Reuben House
Covent Garden
Cambridge, CB1 2HT
United Kingdom

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