Does total-factor productivity drive housing prices? A growth-accounting exercise for four countries
Moro, A.;
2012-01-01
Abstract
Housing prices diverge from construction prices after 1997 in four major countries. Besides, total-factor productivity (TFP) differences between construction and the general economy account for the evolution of construction prices in the US and Germany, but not in the UK and Spain.File | Size | Format | |
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published_EL.pdf open access
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