Regional Relationships in New Housing Pricesin Colombia

Ecos de Economía: A Latin American Journal of Applied Economics

Antonio Avendaño Arosemena²  Hernán Enríquez Sierra²  Jacobo Campo Robledo¹ 

[1] Universidad Católica de Colombia;Universidad Sergio Arboleda

关键词: Housing prices;    market integration;    regional prices;    VAR model;    Colombia;   

DOI  :  

学科分类：社会科学、人文和艺术（综合）

来源: Universidad Eafit

【 摘 要 】

This study examines the regional relationships in the price of new housing in seven major cities in Colombia during the period 1999 Q2 to 2013 Q3 using time series statistical techniques.  We show that while regional prices tend to converge in the long run, there is no evidence that price shocks in the capital (Bogotá) diffuse to other cities.  We do find evidence that prices in some smaller cities are affected by prices in neighboring cities.

【 授权许可】

Unknown