TY  - JOUR
AB  - Theory and empirical research show how building cycles’ behaviour has substantial differences within countries among its different geographical areas. There is evidence of the existence of specific area leadership regarding development activity and how this influence is transmitted to the rest of the country as a locomotive effect in residential construction. This means that the aggregate building cycle could strongly depend on cycles in specific areas. This paper follows this approach and investigates therelationship between geographic areas’ intensity in housing construction, showing how activity development in some of these areas is influencing the rest of the country. This process is analysed in Spain during the 1990s, using information on house licenses of construction given by regional areas and applying cointegration methodology to identify leading areas in building activity. Some leadership effect is found in the Levante area attracting building activity from the rest of the country during this period.
VL  - 18
IS  - 3
SN  - 1463-578X
DO  - 10.1108/14635780010339262
UR  - https://doi.org/10.1108/14635780010339262
AU  - Taltavull de La Paz Paloma
PY  - 2000
Y1  - 2000/01/01
TI  - Activity development leadership and geographic areas in Spain
T2  - Journal of Property Investment & Finance
PB  - MCB UP Ltd
SP  - 371
EP  - 398
Y2  - 2024/05/09
ER  -