%0 Journal Article
%T CONSTRUCCI¨®N, VIVIENDA Y CR¨¦DITO. SU RELEVANCIA EN LA ECONOM¨ªA ESPA OLA
%A Paloma Taltavull de la Paz
%A Raul P¨¦rez S¨¢nchez
%J Revista de Estudios Empresariales. Segunda ¨¦poca
%D 2013
%I Universidad de Ja¨¦n
%X The article analyses the effect of construction on the economy supporting the argument that construction sector has strongly contributed to economic growth through its multipliers effects. Relationship among house-building and credit supply is approached using a VAR model with quarterly data of starts and numbers of mortgage loans and estimating the long term relationship in a two-period time (1962-1981 and 1982-2012). The structural VAR with break trend estimated suggests that credit flows and starts relationship has changed from one period to another being significant in the long term during 1982-2012. It gives empirical evidence to recognize the relevance of credit flows to explain the building cycle previously to the credit crunch.
%K construction sector
%K house-building
%K mortgage
%K Spain.
%U http://revistaselectronicas.ujaen.es/index.php/REE/article/view/733/747