Study-Aids.co.uk benefits ,
Close window


Ref: econ0026

The general objective of this dissertation is to (i) test whether a collapse in the London Housing Market would affect the UK economy and (ii) see if its impact on the economy is more significant than the impact of a UK Housing Market shock. We use a Vector Autoregressive model (VAR) to analyse how GDP, Inflation and Uncertainty might react to a shock in either the London or the UK Housing Market. To do that, we go through the Impulse Response Function (IRF) which helps us identify the sign, significance and duration of the responses of our variables to a simulated shock in one the Housing Market.

We then go through the Historical Decomposition which calculates the contribution of the housing markets to the different structural accumulated shocks of our variables; and, helps us estimate whether the results found through the IRFs make empirical sense. We expect GDP to fall, Inflation to slow down, and Uncertainty to be negatively affected. We also consider the possibility of a recession being created in the economy, if GDP growth is affected negatively for more than three quarters. Lastly, we suppose that the London Housing Market will have a more significant impact on the economy.

  • 12,000 words – 46 pages in length
  • Good use of literature
  • Excellent analysis of subject area
  • Well written throughout
  • Ideal for economics students

1 - Introduction

2 - Literature Review

3 - Analysis
Objectives
Methodology and Data
Empirical Model and the Data
Identification Strategy
Results
Impulse Response
The London Case
The UK Case
Historical Decomposition
Comparing the London case with the UK case
Sensitivity Analysis
Robustness Analysis
Changing the order
Replacing Uncertainty with other variables
Dividing the sample
Results prior to 1992
Results following 1992
Comparing our two subsamples results
Critics and limitations of our model

4 - Conclusion

Bibliography

Appendix


How To Order

1. Select reference number econ0026 from the dropdown list

2. Click the PayPal button

3. Click the "Click Here" button on the PayPal page to submit your credit/debit card payment

4. We will email your chosen dissertation in PDF format within 24 hours
Please select: 

Back to Top