{"id":154199,"date":"2024-03-21T07:41:04","date_gmt":"2024-03-21T06:41:04","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/154199\/"},"modified":"2024-11-07T03:48:15","modified_gmt":"2024-11-07T02:48:15","slug":"the-effect-of-house-prices-on-growth","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/154199\/","title":{"rendered":"The Effect of House Prices on Growth"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-154199","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The differences in growth rates between EU countries during the period 1995-2005 can be attributed in part to the responsiveness of consumption and residential building to house price and interest rate changes. Rising real house prices in the UK, Ireland, the Scandinavian countries and Spain accelerated residential building and stimulated private consumption through wealth effects. Using cross-country analysis, an increase of real house prices by 1 percent raised GDP growth by 0.15 percentage point.","onlinedate":"2007-01-12 01:00:00","lang":"English","publication_series":"","publication_date":"20061201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":326239,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"11","monthly_report_pages":"173-179","monthly_report_pages_sort":"173","issue":"4","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[3893],"persons_data":"[{\"personId\":3893,\"personName\":\"Ewald Walterskirchen\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Walterskirchen, E.<\\\/span> (2006). <span>The Effect of House Prices on Growth<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>11<\\\/em>(4), 173-179. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/28038\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/28038<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Walterskirchen E<\\\/span>. <span class=\\\"title\\\"><span>The Effect of House Prices on Growth<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2006 Dec;11(4):173-179.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{27379f18d9bc4a25b18e475331e8de2f,<\\\/div><div>  title    = \\\"The Effect of House Prices on Growth\\\",<\\\/div><div>  abstract = \\\"The differences in growth rates between EU countries during the period 1995-2005 can be attributed in part to the responsiveness of consumption and residential building to house price and interest rate changes. Rising real house prices in the UK, Ireland, the Scandinavian countries and Spain accelerated residential building and stimulated private consumption through wealth effects. Using cross-country analysis, an increase of real house prices by 1 percent raised GDP growth by 0.15 percentage point.\\\",<\\\/div><div>  author   = \\\"Ewald Walterskirchen\\\",<\\\/div><div>  note     = \\\"House Prices\\\",<\\\/div><div>  year     = \\\"2006\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"11\\\",<\\\/div><div>  pages    = \\\"173--179\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - The Effect of House Prices on Growth<\\\/p><p>AU  - Walterskirchen, Ewald<\\\/p><p>N1  - House Prices<\\\/p><p>PY  - 2006\\\/12<\\\/p><p>Y1  - 2006\\\/12<\\\/p><p>N2  - The differences in growth rates between EU countries during the period 1995-2005 can be attributed in part to the responsiveness of consumption and residential building to house price and interest rate changes. Rising real house prices in the UK, Ireland, the Scandinavian countries and Spain accelerated residential building and stimulated private consumption through wealth effects. Using cross-country analysis, an increase of real house prices by 1 percent raised GDP growth by 0.15 percentage point.<\\\/p><p>AB  - The differences in growth rates between EU countries during the period 1995-2005 can be attributed in part to the responsiveness of consumption and residential building to house price and interest rate changes. Rising real house prices in the UK, Ireland, the Scandinavian countries and Spain accelerated residential building and stimulated private consumption through wealth effects. 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