Single housing starts and macroeconomic activity: An application of generalized impulse response analysis

Bradley T. Ewing, Yongsheng Wang

Research output: Contribution to journalArticle

14 Scopus citations

Abstract

Most studies that have examined the relationship between the housing market and the macroeconomy have focused on how changes in housing supply affect real activity and the like. In this paper, the possibility that housing starts respond to sudden changes or shocks to macroeconomic factors is explicitly accounted for. The empirical methodology employs the recently developed technique of generalized impulse response analysis Pesaran and Shin (1998). The results highlight the endogeneity that exists among the housing market and macroeconomic activity.

Original languageEnglish
Pages (from-to)187-190
Number of pages4
JournalApplied Economics Letters
Volume12
Issue number3
DOIs
StatePublished - Feb 20 2005

Fingerprint Dive into the research topics of 'Single housing starts and macroeconomic activity: An application of generalized impulse response analysis'. Together they form a unique fingerprint.

  • Cite this