Rental prices: Structural VAR and Bayesian Structural VAR analysis for the case of Spain
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Mostrar el registro completo del ítemcomunitat-uji-handle:10234/158176
comunitat-uji-handle2:10234/71345
comunitat-uji-handle3:10234/173490
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Rental prices: Structural VAR and Bayesian Structural VAR analysis for the case of SpainAutoría
Tutor/Supervisor; Universidad.Departamento
Cuestas Olivares, Juan Carlos; Universitat Jaume I. Departament d'EconomiaFecha de publicación
2021-09-15Editor
Universitat Jaume IResumen
Rental prices in Spain have been increasing since the end of the 2008 crisis. In
order to find out how rental prices have changed from 2008 to 2020 we estimate two
VAR models and a Bayesian VAR model including as ... [+]
Rental prices in Spain have been increasing since the end of the 2008 crisis. In
order to find out how rental prices have changed from 2008 to 2020 we estimate two
VAR models and a Bayesian VAR model including as variables the number of
temporary employees, the number of mortgages granted and an index of concentration
of the economic activity. The results show that in the long run an increase in temporary
employment generates instability that results in higher rental prices. Changes in the
index of concentration of economic activity do not lead to significant changes in rental
prices. Finally, shocks that facilitate access to mortgages generate, on the one hand, a
fall in prices in the short term because houses are bought instead of rented and, on the
other hand, a rise in the long term, probably because these loans lead to more buildings
being constructed and part of the houses are used for renting, these with a higher price
because they are better quality houses than the existing ones. [-]
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Descripción
Treball Final de Màster Universitari en Economia / Master in Economics. Codi: SRR019. Curs acadèmic 2020-2021
Tipo de documento
info:eu-repo/semantics/masterThesisDerechos de acceso
info:eu-repo/semantics/openAccess