Manufacturing decline and house price volatility
نویسندگان
چکیده
Using a new dataset of all Swedish housing transactions over the 2009-2017 period, we find that manufacturing's share employment is positively associated with house price growth volatility and negatively risk-adjusted capital gains. Both effects appear to be related impact on firm concentration volatility. Moreover, they imply manufacturing decline since 1970 could account for 35% reduction in
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ژورنال
عنوان ژورنال: Review of Economic Dynamics
سال: 2021
ISSN: ['1096-6099', '1094-2025']
DOI: https://doi.org/10.1016/j.red.2021.06.005