The Impact of Credit Constraints on Housing Demand: Assessed with Endogenous Price and Expenditure

This article assesses the impact of credit constraints on housing demand with price and expenditure treated as endogenous variables. Using AIDS model, we find the model without controlling for endogeneities tends to underestimate the impact of credit constraint on the budget shares and the estimates are less significant.

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Year of publication:	2013
Authors:	Li, Yarui ; Leatham, David J.
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	Credit constraint \| housing market \| AIDS model \| endogeneity \| Consumer/Household Economics

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Extent:	application/pdf
Series:	2013 Annual Meeting, February 2-5, 2013, Orlando, Florida.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida Number 143061
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010914972