Residential investment, non-residential investment and GDP

Authors
Coulson, NE Kim, MS
Citation
Ne. Coulson et Ms. Kim, Residential investment, non-residential investment and GDP, REAL EST EC, 28(2), 2000, pp. 233-247
Citations number
8
Categorie Soggetti
Economics
Journal title
REAL ESTATE ECONOMICS
ISSN journal
10808620 → ACNP
Volume
28
Issue
2
Year of publication
2000
Pages
233 - 247
Database
ISI
SICI code
1080-8620(200022)28:2<233:RINIAG>2.0.ZU;2-N
Abstract
We examine the causality and influence of residential and non-residential i nvestment with respect to GDP and its components in a multivariate, vector autoregressive context, with some care devoted to the appropriate orthogona lization of the shocks which drive the various components of GDP. We find t hat residential investment shocks are more important in the determination o f GDP than non-residential investment shocks.