IDEAS home Printed from https://ideas.repec.org/a/ids/ijmede/v5y2008i6p673-682.html
   My bibliography  Save this article

The role of housing activity: a case of major developed countries

Author

Listed:
  • Terry J. O'Neill
  • Jack Penm
  • R.D. Terrell

Abstract

Housing activity is an important indicator of general economic activity, and house price movements are an important variable in international financial markets. In this paper we utilise Vector Autoregressive (VAR) models to examine how the interrelationship between housing activity and general economic activity has evolved in four OECD countries. Our results provide support for the hypothesis that the relationship between housing activity and general economic activity has changed in many OECD countries, For Australia, however, no such evidence was found. These results suggest that caution needs to be exercised when using previous experience to forecast both housing cycles and general economic activity.

Suggested Citation

  • Terry J. O'Neill & Jack Penm & R.D. Terrell, 2008. "The role of housing activity: a case of major developed countries," International Journal of Management and Enterprise Development, Inderscience Enterprises Ltd, vol. 5(6), pages 673-682.
    • Handle: RePEc:ids:ijmede:v:5:y:2008:i:6:p:673-682
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=21189
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmede:v:5:y:2008:i:6:p:673-682. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=89 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.