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Einfluss der Haus- und Wohnungspreise auf Wirtschaftswachstum und Inflation

Author

Listed:
  • Markus Marterbauer

    (WIFO)

  • Ewald Walterskirchen

    (WIFO)

Abstract

Die Wachstumsunterschiede zwischen den rasch expandierenden Volkswirtschaften der angelsächsischen und skandinavischen Staaten und den langsam wachsenden mitteleuropäischen Staaten in den Jahren 1995/2003 gehen in hohem Maß auf die Entwicklungsunterschiede im Wohnbau und Konsum zurück. Ein Anstieg der Immobilienpreise trägt dazu wesentlich bei. Er löst eine Zunahme der Wohnbauinvestitionen und einen Rückgang der Sparquote sowie eine Ausweitung der Konsumausgaben aus. Das Finanzsystem beeinflusst die Übertragung von Immobilienpreissteigerungen auf Wohnbau und Konsum. Immobilienpreisschwankungen verstärken die gesamtwirtschaftliche Volatilität. In langfristiger Perspektive besteht zwischen den beiden Ländergruppen kein Unterschied zwischen Wirtschaftswachstum, Konsum und Wohnbau.

Suggested Citation

  • Markus Marterbauer & Ewald Walterskirchen, 2005. "Einfluss der Haus- und Wohnungspreise auf Wirtschaftswachstum und Inflation," WIFO Studies, WIFO, number 25691, июль.
  • Handle: RePEc:wfo:wstudy:25691
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    File URL: https://www.wifo.ac.at/wwa/pubid/25691
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    References listed on IDEAS

    as
    1. Case Karl E. & Quigley John M. & Shiller Robert J., 2005. "Comparing Wealth Effects: The Stock Market versus the Housing Market," The B.E. Journal of Macroeconomics, De Gruyter, vol. 5(1), pages 1-34, May.
    2. Kostas Tsatsaronis & Haibin Zhu, 2004. "What drives housing price dynamics: cross-country evidence," BIS Quarterly Review, Bank for International Settlements, March.
    3. Franz R. Hahn, 2005. "Finance-Growth Nexus and the P-bias: Evidence from OECD Countries," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 34(1), pages 113-126, February.
    4. Alexander Ludwig & Torsten M Sloek, 2002. "The Impact of Changes in Stock Prices and House Priceson Consumption in OECD Countries," IMF Working Papers 02/1, International Monetary Fund.
    5. Paul R. Krugman, 1998. "It's Baaack: Japan's Slump and the Return of the Liquidity Trap," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(2), pages 137-206.
    6. Markus Marterbauer & Hannes Schweighofer & Ewald Walterskirchen, 1992. "Von der Deregulierung zur Banken- und Wirtschaftskrise in Schweden," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 18(4), pages 515-537.
    7. Franz R. Hahn & Ewald Walterskirchen, 1992. "Stylized Facts der Konjunkturschwankungen in Österreich, Deutschland und den USA," WIFO Working Papers 58, WIFO.
    8. repec:wfo:wstudy:2838 is not listed on IDEAS
    9. Ewald Walterskirchen & Johannes Schweighofer & Markus Marterbauer, 1992. "Von der Deregulierung zur Banken- und Wirtschaftskrise in Schweden," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 18(4), pages 515-538.
    10. Franz R. Hahn, 2002. "The Finance-Growth Nexus Revisited. New Evidence from OECD Countries," WIFO Working Papers 176, WIFO.
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    7. Baumann, Alexendra & Wohlrabe, Klaus, 2019. "Publikationen von Wirtschaftsforschungsinstituten im deutschsprachigen Raum - Eine bibliometrische Analyse
      [Publications of Economic Research Insitutes in the German Speaking Area - A bibliometric
      ," MPRA Paper 92240, University Library of Munich, Germany.
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    16. Lukas Tockner, 2012. "Wohnpolitische Strategien: Liberalisierung oder politische Intervention?," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 38(1), pages 57-76.

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