Macro-determinants of the Lithuanian housing market

A test for Granger causality

Bibliographic Data

ID11263648
AuthorsArvydas Jadevicius (0000-0003-1731-1801, Royal Agricultural University, corresponding author)
Year2016
Volume47
Issue3
Pages385-398
Publication date2016-07-02
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of Baltic Studies (JOURNAL)
Journal identifiersISSN: 0162-9778 • E-ISSN: 1751-7877
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/01629778.2016.1141105
OpenAlexW2345437230
LanguageEN
Citations received1
References cited21

This research examines the macro-determinants of the Lithuanian housing market. The study employs the Granger causality test to assess the interdependence of a number of macro-variables and the national housing price index. Regardless of the limitations involved with this methodology, the empirical findings suggest that the Lithuanian housing market relates to growth in building activity, interest rates, inflation, and employment. Considering all of these results, the research highlights useful policy implications for property market participants. Investors and developers can employ this information to guide their investment decisions. Likewise, the government and central bank could use this updated knowledge to drive a successful macroeconomic program

Causality (physics · Econometrics · Economics · Empirical research · Government (linguistics · Granger causality · Index (typography · Inflation (cosmology · Investment (military · Lithuanian · Macro · Macro level · Macroeconomics · Monetary economics · Political science · Residential property · Test (biology · Housing Market and Economics

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