Author(s): Leiras, Joana Gabriela Costa Ferreira
Date: 2017
Persistent ID: http://hdl.handle.net/10362/22245
Origin: Repositório Institucional da UNL
Subject(s): Housing price cycle; GDP cycle; Synchronization and convergence; European Union; Domínio/Área Científica::Ciências Sociais::Economia e Gestão
This Project uses data for GDP and real housing prices for twelve European countries plus the United States to study the relationship between the housing market and GDP cycles. The main findings suggest that there is evidence of a strong relationship between the two cycles for most of the countries analysed. Moreover, an analysis of the relationship between the Portuguese economy and other European economies is also performed for the two cycles. This analysis shows that there is a strong correlation between the European economies when the GDP is used as benchmark and that this correlation decreases when the housing market is considered.
