| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5059871 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠We compare housing and construction prices in the US, the UK, Germany, and Spain. ⺠The two prices follow a similar pattern before 1997 and diverge afterwards. ⺠We also measure the contribution of relative total-factor productivity (TFP) on construction prices. ⺠Relative TFP explains construction prices in the US and Germany. ⺠Wages and capital returns drive construction prices in the UK and in Spain.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alessio Moro, Galo Nuño,