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Pregled bibliografske jedinice broj: 938045

The housing wealth effect before and after the 2008 financial crisis: panel vector autoregression approach

Čeh Časni, Anita
The housing wealth effect before and after the 2008 financial crisis: panel vector autoregression approach // Proceedings of the ISCCRO – International Statistical Conference in Croatia - ISCCRO’18: The 2nd International Statistical Conference in Croatia, Opatija, Croatia, 10-11 May 2018 Conference topic: “New Advances in Statistical Methods Applications for a Better World“ / Dumičić, Ksenija ; Erjavec, Nataša ; Pejić Bach, Mirjana ; Žmuk, Berislav (ur.).
Zagreb: Hrvatsko statističko društvo, 2018. str. 23-27 (ostalo, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)

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Naslov
The housing wealth effect before and after the 2008 financial crisis: panel vector autoregression approach

Autori
Čeh Časni, Anita

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the ISCCRO – International Statistical Conference in Croatia - ISCCRO’18: The 2nd International Statistical Conference in Croatia, Opatija, Croatia, 10-11 May 2018 Conference topic: “New Advances in Statistical Methods Applications for a Better World“ / Dumičić, Ksenija ; Erjavec, Nataša ; Pejić Bach, Mirjana ; Žmuk, Berislav - Zagreb : Hrvatsko statističko društvo, 2018, 23-27

Skup
2nd International Statistical Conference in Croatia (ISCCRO 2018)

Mjesto i datum
Opatija, Hrvatska, 10.05.2018. - 11.05.2018

Vrsta sudjelovanja
Ostalo

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
European countries, housing wealth effect, personal consumption, PVAR

Sažetak
In this empirical study, a system estimation of housing wealth effect on personal consumption is analysed by employing panel vector autoregressive model. The research is conducted for a panel of 28 selected European countries. Housing wealth effect appears to be more protuberant than financial wealth effect, therefore in this research the dynamic relationship between personal consumption and housing wealth is empirically verified using the panel vector autoregressive methodology. The data for unbalanced panel spans from 1990 to 2016 and the estimation is conducted using generalised method of moments. With the objective of exploring the impact that financial crisis in 2008 may have on housing wealth shock on consumption, the analysis is performed by splitting the data set into two sub-panels: first one spanning from 1990-2008 and the second one spanning from 2009-2016. The results have shown that higher responsiveness of consumption to a housing wealth shock is apparent before crisis

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
This work has been fully supported by Croatian Science Foundation under the project STatistical Modelling for REspoNse to Crisis and Economic GrowTH in WeStern Balkan Countries -STRENGTHS (No.: IP 2013-9402)



POVEZANOST RADA

Projekti:
HRZZ-IP-2013-11-9402 - Statističko modeliranje odgovora na krizu i ekonomskog rasta zemalja Zapadnog Balkana (STRENGTHS) (Dumičić, Ksenija, HRZZ - 2013-11) ( CroRIS)

Profili:

Avatar Url Anita Čeh Časni (autor)

Citiraj ovu publikaciju:

Čeh Časni, Anita
The housing wealth effect before and after the 2008 financial crisis: panel vector autoregression approach // Proceedings of the ISCCRO – International Statistical Conference in Croatia - ISCCRO’18: The 2nd International Statistical Conference in Croatia, Opatija, Croatia, 10-11 May 2018 Conference topic: “New Advances in Statistical Methods Applications for a Better World“ / Dumičić, Ksenija ; Erjavec, Nataša ; Pejić Bach, Mirjana ; Žmuk, Berislav (ur.).
Zagreb: Hrvatsko statističko društvo, 2018. str. 23-27 (ostalo, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
Čeh Časni, A. (2018) The housing wealth effect before and after the 2008 financial crisis: panel vector autoregression approach. U: Dumičić, K., Erjavec, N., Pejić Bach, M. & Žmuk, B. (ur.)Proceedings of the ISCCRO – International Statistical Conference in Croatia - ISCCRO’18: The 2nd International Statistical Conference in Croatia, Opatija, Croatia, 10-11 May 2018 Conference topic: “New Advances in Statistical Methods Applications for a Better World“.
@article{article, author = {\v{C}eh \v{C}asni, Anita}, year = {2018}, pages = {23-27}, keywords = {European countries, housing wealth effect, personal consumption, PVAR}, title = {The housing wealth effect before and after the 2008 financial crisis: panel vector autoregression approach}, keyword = {European countries, housing wealth effect, personal consumption, PVAR}, publisher = {Hrvatsko statisti\v{c}ko dru\v{s}tvo}, publisherplace = {Opatija, Hrvatska} }
@article{article, author = {\v{C}eh \v{C}asni, Anita}, year = {2018}, pages = {23-27}, keywords = {European countries, housing wealth effect, personal consumption, PVAR}, title = {The housing wealth effect before and after the 2008 financial crisis: panel vector autoregression approach}, keyword = {European countries, housing wealth effect, personal consumption, PVAR}, publisher = {Hrvatsko statisti\v{c}ko dru\v{s}tvo}, publisherplace = {Opatija, Hrvatska} }

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