Showing 1 - 10 of 1,177
Purpose - We propose an economic model of housing markets. The model incorporates the macroeconomic relationships between prices, demand and supply. Since vacancy rates are not observable, the demand-supply mismatches are identified using a microeconomic model of search, matching and price...
Persistent link: https://www.econbiz.de/10015046361
Purpose: This paper aims to investigate the drivers of real house prices in an extended set of selected OECD countries. Design/methodology/approach: The paper uses a data set over the period 2000-2020, employing a panel data analysis based on key macroeconomic, demographic, and institutional...
Persistent link: https://www.econbiz.de/10015411655
We develop a new dynamic equilibrium model with heterogeneous households that captures the most important frictions that arise in housing rental markets and explains the political popularity of affordable housing policies. We estimate the model using data collected by the New York Housing...
Persistent link: https://www.econbiz.de/10012202362
I estimate the impact of new housing supply on the local rent distribution, exploiting delays in housing completions caused by weather shocks during the construction phase. Increasing the flow of new supply by 1 percent lowers average rents by 0.2 percent, and increases disproportionately the...
Persistent link: https://www.econbiz.de/10014282755
prices. We employ correlations, innovative trend and gap approaches, and cointegration analysis to study the long …
Persistent link: https://www.econbiz.de/10014516256
This paper analyzes the long-run convergence of regional house prices in a major developing country, Turkey. Using a … do not converge across 26 regions of Turkey. Results reveal that the regions can be grouped into seven convergence clubs …
Persistent link: https://www.econbiz.de/10012510677
This study analyzes the dynamics of house prices across Istanbul's districts using a unique dataset of house prices and socioeconomic characteristics from 2010Q1 to 2022Q1. The log-t convergence test identifies four convergence clubs, with their formation beginning after 2015, highlighting the...
Persistent link: https://www.econbiz.de/10015334530
The objective of this paper is to find out whether there is a long-term relationship or in other words cointegration …
Persistent link: https://www.econbiz.de/10014466537
Macedonia, Serbia and Slovenia for the period 2004-2018. The analysis implies a panel unit root test, a panel cointegration test …
Persistent link: https://www.econbiz.de/10012888113
The relation between causal structure and cointegration and long-run weak exogeneity is explored using some ideas drawn …
Persistent link: https://www.econbiz.de/10012265689