Citas bibligráficas
Díaz, V., (2020). Análisis de la existencia de una burbuja en el mercado inmobiliario de Lima Metropolitana [Trabajo de investigación, Universidad Peruana de Ciencias Aplicadas (UPC)]. http://hdl.handle.net/10757/652561
Díaz, V., Análisis de la existencia de una burbuja en el mercado inmobiliario de Lima Metropolitana [Trabajo de investigación]. PE: Universidad Peruana de Ciencias Aplicadas (UPC); 2020. http://hdl.handle.net/10757/652561
@misc{renati/390971,
title = "Análisis de la existencia de una burbuja en el mercado inmobiliario de Lima Metropolitana",
author = "Díaz Luján, Vania Xiomí",
publisher = "Universidad Peruana de Ciencias Aplicadas (UPC)",
year = "2020"
}
The modern economy has evidenced the existence of financial crises caused by rational speculative bubbles, one of the most sensitive being property bubbles. The bubble episodes, in this paper are defined as explosive periods of the m2 price, which have no explanation in the evolution of its economic value. The detection of exuberant behaviors in the financial markets and the execution of specialized detection tests are very important. This document applies the bubble detection methodology set forth by Phillips, Shi and Yu (2012), to the Lima real estate market for two series of districts which are called "high sector" (5 districts) and " middle sector” (10 districts) The results show the existence of a price bubble period from 2012 and 2013 for 5 districts and 10 districts respectively. This result is permanent for various robustness tests, such as different regression windows, price segments, and alternative methods of generating the tests.
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