Services on Demand
Journal
Article
Indicators
Cited by SciELO
Access statistics
Related links
Cited by Google
Similars in SciELO
Similars in Google
Share
Revista de Economía del Caribe
Print version ISSN 2011-2106
Abstract
GARZA PUENTES, Néstor and TOVAR VANEGAS, Rafael. EL MERCADO DE VIVIENDA EN BARRANQUILLA Y EL SECTOR EXTERNO DE LA ECONOMÍA. rev. econ. Caribe [online]. 2009, n.4, pp.181-209. ISSN 2011-2106.
This document deals with a theoretical and empirical approach to the relation between housing prices in Barranquilla and the external sector of the Colombian economy in the period 1990-2005. The free trade must exert a positive impact on prices (valorization) after the specialization and consumption substitution effects attached to it, because of the associated non-tradables valorization with free trade. The analysis allows us to consider that capital account movements are bigger than those referred to the current account, which implies that there should be a relation between housing prices per m2 and Real Exchange Rate Index. The result of a more precise assessment of this relation was no conclusive, indeed; particularly if we take into account the geographical aggregation process applied to the information.
Keywords : Real-estate markets; international macroeconomics; international trade.