The 2000s Commodities Boom and Real Estate Overvaluation in Colombia

Details

Supervisors

Bodart, Vincent

Faculty

Faculté des sciences économiques, sociales, politiques et de communication

Degree label

Master [60] en sciences économiques, orientation générale

Abstract

Through a time series analysis on a Error Correction Model (ECM), the empirical analysis of this master thesis offers a first overview of the impact of commodity price booms on the housing market of Colombia. The results indicate a positive relationship during the period of 2000 to 2014 between the housing market and commodity prices in the manner predicted by the theoretical framework introduced in the first part of the thesis. The latter is based on the TNT model and the Real Estate Pricing model.