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| THE CONTRIBUTION OF REGION-SPECIFIC SHOCKS TO AGGREGATE FLUCTUATIONS: EVIDENCE FROM THE LOCAL HOUSING MARKETS IN CANADA | |
| Zhu;Wenbo | |
| 出版年 | 2011 |
| 英文摘要 | This thesis investigates the contribution of productivity shocks at different aggregation levels to residential investment and relative house prices in ten local housing markets in Canada from 1986 to 2007. It has two major conclusions. First, while in BC, Ontario, and four Atlantic Provinces, residential investment is more likely to be affected by aggregate shocks, in Quebec and three Prairie Provinces, residential investment is less responsive to aggregate shocks, and more likely to be affected by region-specific shocks. Second, relative house prices are much more variable than residential investment, and largely depend on region-specific factors. |
| 语种 | 英语 |
| URL | http://hdl.handle.net/10222/14171 |
| 资源类型 | 学位论文 |
| 条目标识符 | http://119.78.100.177/qdio/handle/2XILL650/245604 |
| 推荐引用方式 GB/T 7714 | Zhu;Wenbo. THE CONTRIBUTION OF REGION-SPECIFIC SHOCKS TO AGGREGATE FLUCTUATIONS: EVIDENCE FROM THE LOCAL HOUSING MARKETS IN CANADA[D],2011. |
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