{"id":"https://openalex.org/W2564090438","doi":"https://doi.org/10.1515/ngoe-2016-0021","title":"The Panel VAR Approach to Modelling the Housing Wealth Effect: Evidence from selected European post-transition economies","display_name":"The Panel VAR Approach to Modelling the Housing Wealth Effect: Evidence from selected European post-transition economies","publication_year":2016,"publication_date":"2016-12-01","ids":{"openalex":"https://openalex.org/W2564090438","doi":"https://doi.org/10.1515/ngoe-2016-0021","mag":"2564090438"},"language":"en","primary_location":{"id":"doi:10.1515/ngoe-2016-0021","doi":"https://doi.org/10.1515/ngoe-2016-0021","is_oa":true,"landing_page_url":"https://doi.org/10.1515/ngoe-2016-0021","pdf_url":"https://content.sciendo.com/downloadpdf/journals/ngoe/62/4/article-p23.pdf","source":{"id":"https://openalex.org/S2737537699","display_name":"Our Economy Journal of Contemporary Issues in Economics and Business","issn_l":"0547-3101","issn":["0547-3101","2385-8052"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["ddh","doaj","erih-plus","vabb-shw"],"host_organization":"https://openalex.org/P4310320322","host_organization_name":"De Gruyter Open","host_organization_lineage":["https://openalex.org/P4310320322","https://openalex.org/P4310313990"],"host_organization_lineage_names":["De Gruyter Open","De Gruyter"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Na\u0161e gospodarstvo/Our economy","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://content.sciendo.com/downloadpdf/journals/ngoe/62/4/article-p23.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5050318303","display_name":"Anita \u010ceh \u010casni","orcid":"https://orcid.org/0000-0002-2742-8619","observed_orcids":["https://orcid.org/0000-0002-2742-8619"]},"institutions":[{"id":"https://openalex.org/I4405258963","display_name":"Ekonomski fakultet - Zagreb","ror":"https://ror.org/01g0wme11","country_code":"HR","type":"education","lineage":["https://openalex.org/I181343428","https://openalex.org/I4405258963"]}],"countries":["HR"],"is_corresponding":false,"raw_author_name":"Anita \u010ceh \u010casni","raw_affiliation_strings":["Faculty of Economics and Business, Zagreb, Croatia, Trg J. F. Kennedya 6, 10000 Zagreb, Croatia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Economics and Business, Zagreb, Croatia, Trg J. F. Kennedya 6, 10000 Zagreb, Croatia","institution_ids":["https://openalex.org/I4405258963"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5022610953","display_name":"Ksenija Dumi\u010di\u0107","orcid":"https://orcid.org/0000-0001-7131-9455","observed_orcids":["https://orcid.org/0000-0001-7131-9455"]},"institutions":[{"id":"https://openalex.org/I181343428","display_name":"University of Zagreb","ror":"https://ror.org/00mv6sv71","country_code":"HR","type":"education","lineage":["https://openalex.org/I181343428"]},{"id":"https://openalex.org/I4405258963","display_name":"Ekonomski fakultet - Zagreb","ror":"https://ror.org/01g0wme11","country_code":"HR","type":"education","lineage":["https://openalex.org/I181343428","https://openalex.org/I4405258963"]}],"countries":["HR"],"is_corresponding":false,"raw_author_name":"Ksenija Dumi\u010di\u0107","raw_affiliation_strings":["University of Zagreb, Faculty of Economics and Business, Croatia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Zagreb, Faculty of Economics and Business, Croatia","institution_ids":["https://openalex.org/I181343428","https://openalex.org/I4405258963"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5072153576","display_name":"Josip Tica","orcid":"https://orcid.org/0000-0001-7937-1573","observed_orcids":["https://orcid.org/0000-0001-7937-1573"]},"institutions":[{"id":"https://openalex.org/I181343428","display_name":"University of Zagreb","ror":"https://ror.org/00mv6sv71","country_code":"HR","type":"education","lineage":["https://openalex.org/I181343428"]},{"id":"https://openalex.org/I4405258963","display_name":"Ekonomski fakultet - Zagreb","ror":"https://ror.org/01g0wme11","country_code":"HR","type":"education","lineage":["https://openalex.org/I181343428","https://openalex.org/I4405258963"]}],"countries":["HR"],"is_corresponding":false,"raw_author_name":"Josip Tica","raw_affiliation_strings":["University of Zagreb, Faculty of Economics and Business, Croatia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Zagreb, Faculty of Economics and Business, Croatia","institution_ids":["https://openalex.org/I181343428","https://openalex.org/I4405258963"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.6266,"has_fulltext":true,"cited_by_count":14,"citation_normalized_percentile":{"value":0.91146546,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":96},"biblio":{"volume":"62","issue":"4","first_page":"23","last_page":"32"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8192999958992004,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8192999958992004,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.12399999797344208,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.011099999770522118,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/housing-wealth-effect","display_name":"housing wealth effect","score":0.9959999918937683},{"id":"https://openalex.org/keywords/housing-prices","display_name":"housing prices","score":0.9599999785423279},{"id":"https://openalex.org/keywords/household-consumption","display_name":"household consumption","score":0.7960000038146973},{"id":"https://openalex.org/keywords/permanent-income-hypothesis","display_name":"permanent income hypothesis","score":0.8889999985694885},{"id":"https://openalex.org/keywords/life-cycle-hypothesis","display_name":"life-cycle hypothesis","score":0.9390000104904175},{"id":"https://openalex.org/keywords/consumption-dynamics","display_name":"consumption dynamics","score":0.6039999723434448},{"id":"https://openalex.org/keywords/post-transition-economies","display_name":"post-transition economies","score":0.7390000224113464},{"id":"https://openalex.org/keywords/european-transition-economies","display_name":"European transition economies","score":0.656000018119812}],"concepts":[{"id":"https://openalex.org/C2781300812","wikidata":"https://www.wikidata.org/wiki/Q178061","display_name":"Shock (circulatory)","level":2,"score":0.7828261256217957},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7711403965950012},{"id":"https://openalex.org/C133029050","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Vector autoregression","level":2,"score":0.7557817101478577},{"id":"https://openalex.org/C85079727","wikidata":"https://www.wikidata.org/wiki/Q3560114","display_name":"Quarter (Canadian coin)","level":2,"score":0.7083644866943359},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.695368766784668},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.6059297323226929},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5164968371391296},{"id":"https://openalex.org/C2992790879","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Structural vector autoregression","level":3,"score":0.48174241185188293},{"id":"https://openalex.org/C159877910","wikidata":"https://www.wikidata.org/wiki/Q2202883","display_name":"Autoregressive model","level":2,"score":0.47878897190093994},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.4756321907043457},{"id":"https://openalex.org/C116834253","wikidata":"https://www.wikidata.org/wiki/Q2039217","display_name":"Identification (biology)","level":2,"score":0.45210760831832886},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.41285261511802673},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3885611593723297},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.1072598397731781},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C59822182","wikidata":"https://www.wikidata.org/wiki/Q441","display_name":"Botany","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1515/ngoe-2016-0021","doi":"https://doi.org/10.1515/ngoe-2016-0021","is_oa":true,"landing_page_url":"https://doi.org/10.1515/ngoe-2016-0021","pdf_url":"https://content.sciendo.com/downloadpdf/journals/ngoe/62/4/article-p23.pdf","source":{"id":"https://openalex.org/S2737537699","display_name":"Our Economy Journal of Contemporary Issues in Economics and Business","issn_l":"0547-3101","issn":["0547-3101","2385-8052"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["ddh","doaj","erih-plus","vabb-shw"],"host_organization":"https://openalex.org/P4310320322","host_organization_name":"De Gruyter Open","host_organization_lineage":["https://openalex.org/P4310320322","https://openalex.org/P4310313990"],"host_organization_lineage_names":["De Gruyter Open","De Gruyter"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Na\u0161e gospodarstvo/Our economy","raw_type":"journal-article"},{"id":"pmh:oai:dk.um.si:IzpisGradiva.php?id=70313","doi":null,"is_oa":true,"landing_page_url":"https://dk.um.si/IzpisGradiva.php?id=70313","pdf_url":null,"source":{"id":"https://openalex.org/S4377196302","display_name":"University of Maribor digital library (University of Maribor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I37696226","host_organization_name":"University of Maribor","host_organization_lineage":["https://openalex.org/I37696226"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Na\u0161e gospodarstvo, vol. 62, no. 4, pp. 23-32, 2016.","raw_type":"info:eu-repo/semantics/report"},{"id":"pmh:oai:doaj.org/article:8cc8b866d3ba44ffbe0283afca4e0939","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/8cc8b866d3ba44ffbe0283afca4e0939","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Na\u0161e Gospodarstvo, Vol 62, Iss 4, Pp 23-32 (2016)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1515/ngoe-2016-0021","doi":"https://doi.org/10.1515/ngoe-2016-0021","is_oa":true,"landing_page_url":"https://doi.org/10.1515/ngoe-2016-0021","pdf_url":"https://content.sciendo.com/downloadpdf/journals/ngoe/62/4/article-p23.pdf","source":{"id":"https://openalex.org/S2737537699","display_name":"Our Economy Journal of Contemporary Issues in Economics and Business","issn_l":"0547-3101","issn":["0547-3101","2385-8052"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["ddh","doaj","erih-plus","vabb-shw"],"host_organization":"https://openalex.org/P4310320322","host_organization_name":"De Gruyter Open","host_organization_lineage":["https://openalex.org/P4310320322","https://openalex.org/P4310313990"],"host_organization_lineage_names":["De Gruyter Open","De Gruyter"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Na\u0161e gospodarstvo/Our economy","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320322674","display_name":"Hrvatska Zaklada za Znanost","ror":"https://ror.org/03n51vw80"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2564090438.pdf","grobid_xml":"https://content.openalex.org/works/W2564090438.grobid-xml"},"referenced_works_count":34,"referenced_works":["https://openalex.org/W127423756","https://openalex.org/W211701539","https://openalex.org/W589437426","https://openalex.org/W1531240906","https://openalex.org/W1604738634","https://openalex.org/W1874898154","https://openalex.org/W1982558172","https://openalex.org/W1986872223","https://openalex.org/W2019459021","https://openalex.org/W2028183433","https://openalex.org/W2028995298","https://openalex.org/W2035554302","https://openalex.org/W2046637750","https://openalex.org/W2053989536","https://openalex.org/W2070392326","https://openalex.org/W2088755819","https://openalex.org/W2090594219","https://openalex.org/W2096813299","https://openalex.org/W2100077709","https://openalex.org/W2125873373","https://openalex.org/W2131688695","https://openalex.org/W2135052744","https://openalex.org/W2139901214","https://openalex.org/W2160725924","https://openalex.org/W2265540996","https://openalex.org/W2947626232","https://openalex.org/W3121217586","https://openalex.org/W3121534078","https://openalex.org/W3123221266","https://openalex.org/W3124923994","https://openalex.org/W3146166473","https://openalex.org/W3204170628","https://openalex.org/W4241115065","https://openalex.org/W6617439976"],"related_works":["https://openalex.org/W2754047110","https://openalex.org/W6982291291","https://openalex.org/W1538855908","https://openalex.org/W7096982596","https://openalex.org/W2090594219","https://openalex.org/W2572395434","https://openalex.org/W1986433088","https://openalex.org/W2088755819","https://openalex.org/W2153653806","https://openalex.org/W1512509725"],"abstract_inverted_index":{"Abstract":[0],"Following":[1],"Friedman\u2019s":[2],"permanent":[3],"income":[4,22],"hypothesis":[5],"and":[6,8,21,42],"Ando":[7],"Modigliani\u2019s":[9],"lifecycle":[10],"hypothesis,":[11],"this":[12],"paper":[13],"empirically":[14],"studies":[15],"the":[16,25,36,46,49,55,61,66,74,80],"role":[17],"of":[18,28,52,58,76],"house":[19],"prices":[20],"in":[23,30],"determining":[24],"dynamic":[26],"behaviour":[27],"consumption":[29,78],"selected":[31],"European":[32],"post-transition":[33],"economies":[34],"using":[35,65],"panel":[37],"vector":[38],"autoregression":[39],"(PVAR)":[40],"approach":[41],"quarterly":[43],"data":[44],"covering":[45],"period":[47],"from":[48],"first":[50],"quarter":[51,57],"2002":[53],"until":[54],"second":[56],"2012.":[59],"With":[60],"shocks":[62],"being":[63],"recognized":[64],"customary":[67],"recursive":[68],"identification":[69],"scheme,":[70],"we":[71],"found":[72],"that":[73],"response":[75],"personal":[77],"to":[79],"housing":[81],"wealth":[82],"shock":[83],"is":[84],"initially":[85],"positive,":[86],"but":[87],"short":[88],"lived.":[89]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":3},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2017-01-06T00:00:00"}