Impact of Macroeconomic Indicators on Mortgage Loans in the V4
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F21%3AA0000218" target="_blank" >RIV/47813059:19520/21:A0000218 - isvavai.cz</a>
Result on the web
<a href="https://www.sav.sk/index.php?lang=sk&doc=journal-list&part=article_response_page&journal_article_no=26338" target="_blank" >https://www.sav.sk/index.php?lang=sk&doc=journal-list&part=article_response_page&journal_article_no=26338</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.31577/ekoncas.2021.06.04" target="_blank" >10.31577/ekoncas.2021.06.04</a>
Alternative languages
Result language
angličtina
Original language name
Impact of Macroeconomic Indicators on Mortgage Loans in the V4
Original language description
The aim of this article is to analyze the impact of selected macroeconomic indicators on mortgage loans in the V4. This group of countries was chosen because they are close, both geographically and economically. This paper tries to find reasons for possible differences or similarities between the Czech Republic, Slovakia, Poland, and Hungary. The article analyses which of the macroeconomic variables (GDP, inflation, the unemployment rate, and mortgage interest rate) affect the volume of mortgage loans. The article uses the tools of time series econometrics, especially the ADF test, Autoregressive Distributed Lag (ARDL) model, Error Correction Model (ECM), and the Granger causality test. It was found that there is a short-term relationship between the volume of mortgage loans and GDP for all countries, except Poland. Over a longer time series, however, a long-term relationship exists for all of the countries between the volume of mortgage loans and GDP, the mortgage interest rate, and the unemployment rate. The data used is based on a quarterly time series running from 2005Q1 to 2019Q4.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of economics
ISSN
0013-3035
e-ISSN
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Volume of the periodical
69
Issue of the periodical within the volume
6
Country of publishing house
SK - SLOVAKIA
Number of pages
20
Pages from-to
627-646
UT code for WoS article
000697125800004
EID of the result in the Scopus database
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