Residential Investment, Non-residential Investment and GDP
AbstractWe examine the causality and influence of residential and non-residential investment with respect to GDP and its components in a multivariate, vector autoregressive context, with some care devoted to the appropriate orthogonalization of the shocks which drive the various components of GDP. We find that residential investment shocks are more important in the determination of GDP than non-residential investment shocks. Copyright American Real Estate and Urban Economics Association.
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Bibliographic InfoArticle provided by American Real Estate and Urban Economics Association in its journal Real Estate Economics.
Volume (Year): 28 (2000)
Issue (Month): 2 ()
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