Ciudades y productividadLa relación con los precios de las viviendas

  1. Paloma Taltavull de La Paz 1
  1. 1 Universitat d'Alacant
    info

    Universitat d'Alacant

    Alicante, España

    ROR https://ror.org/05t8bcz72

Revue:
Papeles de economía española

ISSN: 0210-9107

Année de publication: 2017

Titre de la publication: Economía de las ciudades

Número: 153

Pages: 96-109

Type: Article

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D'autres publications dans: Papeles de economía española

Résumé

This article undertakes the interrelations between residential prices and city productivity. Following the principles explaining the role of productivity in the city competitiveness and the fundamentals of housing price dynamics, the article provides an initial evidence of the existence of transmission channels between both variables and explores them empirically in 99 Spanish cities. The results show an association between city productivity and housing prices that varies by city and is in line with what evidence in other economies says in a group of them. The exercise fail to find conclusive evidence of the transmission of productivity towards the residential prices in the two largest cities (Madrid and Barcelona), but it does in medium-sized capitals that locate activities with a greater technological component (such as Bilbao or Pamplona) and others specialized in traditional production or labor-intensive services (such as Valencia or Las Palmas).

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