Dynamism Diminished: The Role of Housing Markets and Credit Conditions
收藏NBER2019-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25466
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资源简介：
We estimate the effects of house price changes on young-firm employment shares and industry- level employment growth in local economies. A novel test shows that house price effects on local economies work through wealth, liquidity and collateral effects on the propensity to start new firms and
提供机构：
美国国家经济研究局
创建时间：
2019-01-01
