Regional Relationships in New Housing Prices in Colombia
This study examines the regional relationships in the price of new housing in seven major cities in Colombia during the period 1999 Q2 to 2013 Q3 using time series statistical techniques -- We show that while regional prices tend to converge in the long run, there is no evidence that price shocks in...
- Autores:
-
Enríquez Sierra, Hernán
Campo Robledo, Jacobo
Avendaño Arosemena, Antonio
- Tipo de recurso:
- Fecha de publicación:
- 2015
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/7806
- Acceso en línea:
- http://hdl.handle.net/10784/7806
- Palabra clave:
- C22
R10
R31
Modelos VAR
Modelos VAR
ANÁLISIS DE SERIES DE TIEMPO
ECONOMETRÍA
ECONOMÍA DE MERCADO
Time-series analysis
Econometrics
Market economy
- Rights
- License
- Copyright (c) 2015 Hernán Enríquez Sierra, Jacobo Campo Robledo, Antonio Avendaño Arosemena
| Summary: | This study examines the regional relationships in the price of new housing in seven major cities in Colombia during the period 1999 Q2 to 2013 Q3 using time series statistical techniques -- We show that while regional prices tend to converge in the long run, there is no evidence that price shocks in the capital (Bogotá) diffuse to other cities -- We do find evidence that prices in some smaller cities are affected by prices in neighboring cities |
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