Gholipour, H F; Farzanegan, M R and Abu Al-Foul, M N (2024) House prices and labour productivity growth: Evidence from oecd countries. Construction Management and Economics, 42(6), pp. 582-589. ISSN 01446193
Abstract
This study examines the association between real house prices and labour productivity growth in 24 OECD countries over the period 1972–2019. By applying the panel fixed effects and Pooled Mean Group-Autoregressive Distributed Lag (PMG-ARDL) estimators, the results show that labour productivity growth is negatively and significantly associated with real house prices. This finding provides empirical support for the ongoing discussion on the adverse impact of excessive housing market activities on productivity.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | house prices; labour productivity; OECD; panel data |
| Index terms: | housing, evidence, estimator, house price, labour productivity, productivity |
| Subjects: | evaluation and assessment methods, profession, construction type, economic analysis, management |
| Topics: | Site Management, Business Strategy, Research Practice, Roles and Professions, Construction Technology |
| Descriptive scope: | 3 PCA |
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