The Panel VAR Approach to Modelling the Housing Wealth Effect: Evidence from selected European post-transition economies

Avtorji

  • Anita Čeh Časni ,
  • Ksenija Dumičić ,
  • Josip Tica ,

Ključne besede:

potrošnja, učinek stanovanjskega premoženja, cene stanovanj, panelna vektorska avtoregresija, evropski rastoči trgi

Povzetek

Upoštevaje Friedmanovo hipotezo o permanentnem dohodku in Ando-Modiglianijevo hipotezo o življenjskem ciklu, v članku empirično proučujemo vlogo cen stanovanj in dohodkov pri določanju dinamičnega obnašanja pri potrošnji v izbranih evropskih posttranzicijskih gospodarstvih. Uporabljen je bil vektorski avtoregresijski pristop na podlagi panelnih podatkov od prve četrtine leta 2002 do druge četrtine leta 2012. S spremembami, ki so bile pripoznane z uporabo običajne rekurzivne identifikacijske sheme, smo ugotovili, da je odziv pri osebni potrošnji na spremembo v začetku pozitiven, vendar kratkotrajen.

Biografije avtorja

  • Anita Čeh Časni, ,

    University of Zagreb, Faculty of Economics and Business, Hrvaška
    E-pošta: aceh@efzg.hr

    Anita Čeh Časni is an assistant professor in the Department of Statistics, Faculty of Economics and Business, University of Zagreb. Her fields of interest are statistics, econometric modelling of macroeconomic data, panel data linear analysis, and housing wealth. She has taken part in several scientific projects and published more than 40 research papers in international scientific journals.

  • Ksenija Dumičić, ,

    University of Zagreb, Faculty of Economics and Business, Hrvaška
    E-pošta: kdumicic@efzg.hr

    Ksenija Dumičić, a full tenured professor in the Department of Statistics, Faculty of Economics and Business, University of Zagreb, is focused in survey sampling, statistical quality control, business statistics, and forecasting. She specialized at the Institute for Social Research at the University of Michigan. She is a leader of postgraduate statistical studies and UN, EU, and Croatian Science Foundation projects. She is an elected member of the ISI and president of the Croatian Statistical Association. She has published 130 papers and is the co-author of several books.

  • Josip Tica, ,

    University of Zagreb, Faculty of Economics and Business, Hrvaška
    E-pošta: jtica@efzg.hr

    Josip Tica is a full professor in the Department of Macroeconomics and Economic Development, Faculty of Economics and Business, University of Zagreb. His primary fields of interest are structural breaks and purchasing power parities, labour costs, real estate economics, etc. He has published more than 50 scientific research papers and is the author and co-author of several books.

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Prenosi

Objavljeno

28.07.2016

Številka

Letn. 62 Št. 4 (2016): Naše gospodarstvo / Our economy

Rubrika

Articles

Kako citirati

Čeh Časni, A., Dumičić, K., & Tica, J. (2016). The Panel VAR Approach to Modelling the Housing Wealth Effect: Evidence from selected European post-transition economies. Naše Gospodarstvo Our Economy, 62(4), 23-32. https://old.journals.um.si/index.php/oe/article/view/2222