Abstract
This paper examines
empirically the interaction between immigration and house prices in U.S. I
employ panel VECM techniques to use a large annual dataset on U.S over the
period 2000-2019. The VECM approach allows to address the cointegration between
variables in VAR. Our results provide evidence of migration contribution to the
increase of house price in U.S. (positive impact on GDP and negative impact on
aggregate unemployment). We also find that migration is influenced by house
price in U.S. (migration responds positively to host GDP and negatively to host
total unemployment rate and house price).
