Spillovers from the oil sector to the housing market cycle

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• 作者：Luca Agnello^a ; ^{luca.agnello01@unipa.it} ; Vitor Castro^b ; ^c ; ^{vcastro@fe.uc.pt} ; Shawkat Hammoudeh^d ; ^e ; ^{hammousm@drexel.edu} ; Ricardo M. Sousa^f ; ^g ; ^{rjsousa@eeg.uminho.pt} ; ^{rjsousa@alumni.lse.ac.uk}
• 关键词：Housing booms and busts ; Normal times ; Duration analysis ; Oil prices
• 刊名：Energy Economics
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：61
• 期：Complete
• 页码：209-220
• 全文大小：725 K
• 卷排序：61

文摘

We investigate spillovers in the oil sector-housing market cycle using duration models. Housing booms and normal times have similar lengths in oil importers and exporters. Housing boom episodes are shorter when oil prices increase. Net oil importers are especially vulnerable to protracted housing slump episodes.