Crecimiento y especulación inmobiliaria en la economía española
ISSN: 1698-7616
Year of publication: 2007
Issue: 8
Pages: 59-84
Type: Article
More publications in: Principios: estudios de economía política
Abstract
In this paper we analyze the Spanish economic growth path in late nineties. An important speculative component dominates the economic activity during this period. Housing prices and housing activity show an exploding path that contributes to expand rent and employment faster than other eurozone's countries. We find that near 30% of housing demand is due to speculative demand. We also analyze risks associated to this growth model.