Abstract

DIAZ FERNANDEZ, Montserrat; LLORENTE MARRON, Mar  and  MENDEZ RODRIGUEZ, Paz. ¿Condiciona la población la dinámica de la actividad inmobiliaria? Un análisis de cointegración para el caso español. Inv. Econ [online]. 2016, vol.75, n.297, pp.103-124. ISSN 0185-1667.  https://doi.org/10.1016/j.inveco.2016.08.003.

A model of dynamic interplay between the real estate cycle and dynamic population in Spain is analyzed for the period 1986-2015. The empirical evidence is evaluated according to the traditional methodology of time series studies. A model error correction (MEC) that allows to consider the dynamic adjustment of the variable short and long term is specified. The domain of the long-term effect on the short term is evaluated. The resulting model detects a long-term equilibrium between the two series, cointegrating equation.

Keywords : Living place; population; cointegration analysis.