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La relación entre los flujos de capital y el precio de la vivienda: el caso colombiano

  • Aquiles Arrieta Barcasnegras

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    El objetivo primordial de este artículo es probar si los flujos de capital conducen sistemáticamente al alza reciente en los precios de la vivienda en Colombia. Apoyado en el soporte teórico del modelo de Zanna (1996), se estiman dos modelos VEC aplicados a variables de carácter macroeconómico. Los resultados que se desprenden del análisis de las funciones impulso respuesta y descomposición de varianza, muestran que existe una evidencia débil para aceptar dicha hipótesis, por lo que se sugiere que las condiciones internas asociadas con la mayor regulación del sector hipotecario y con los fundamentales del precio son claves a la hora de explicar por qué los flujos de capital no juegan un rol tan activo como lo hicieron a finales de la década de 1990 y el por qué de los altos valores de las unidades residenciales en el país durante el último tiempo, respectivamente.

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    File URL: http://rcientificas.uninorte.edu.co/index.php/economia/article/viewFile/4793/3019
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    Article provided by UNIVERSIDAD DEL NORTE in its journal REVISTA DE ECONOMÍA DEL CARIBE.

    Volume (Year): (2012)
    Issue (Month): ()
    Pages:

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    Handle: RePEc:col:000382:010854
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