The impact of the global economic crisis on the housing sector in Poland

Wojciech Kisiała , Katarzyna Suszyńska

Abstract

The economic crisis typically translates into changes in all sectors of national economy, yet the scale of the influence may differ depending on the resilience to fluctuations of a particular branch of the economy. The aim of the paper is to identify the reaction of the housing markets of the Polish regions to negative macroeconomic shocks caused by the global economic crisis dated 2008-2009. The considerations have been embedded in the evolutionary developmental research, and the regional resilience concept has been adopted as a theoretical frame for analyzing the title relationship. The study covers the dynamics of housing development in the Polish regions in the years 2004-2016 by employing time series regression modelling. The results allow the authors to distinguish three separate reaction types of the regional housing markets to recessionary shocks: (1) enhanced path (positive response), (2) inferior path and (3) recession path.
Author Wojciech Kisiała (WZ / KIiN)
Wojciech Kisiała,,
- Department of Investment and Real Estate
, Katarzyna Suszyńska (WZ / KIiN)
Katarzyna Suszyńska,,
- Department of Investment and Real Estate
Pages937-944
Publication size in sheets0.5
Book Kliestik Tomas (eds.): Globalization and its socio-economic consequences : 17th International Scientific Conference : Proceedings Part II, 2017, University of Zilina, ISBN 978-80-8154-212-1, 561 p.
Keywords in Englishglobal economic crisis, regional housing markets, regional resilience, time series regression, Poland
URL http://ke.uniza.sk/sites/default/files/content_files/part_ii_final_4.pdf
Languageen angielski
Score (nominal)5
Score sourcepublisherList
ScoreMinisterial score = 5.0, 09-04-2020, ChapterFromConference
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