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The political economy of housing supply: homeowners, workers, and voters
Ortalo-Magné, François; Prat, Andrea - London School of Economics (LSE) - 2007
Equilibrium of the housing market depends on a complex set of interactions between: (1) individual location decisions; (2) individual housing investment; (3) collective decisions on urban growth. We embed these three elements in a model of a dynamic economy with two sources of friction:...
Persistent link: https://www.econbiz.de/10011071149
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A Model of Regional Housing Markets in England and Wales
Bhattacharjee, Arnab; Jensen-Butler, Chris - Centre for Research into Industry, Enterprise, Finance … - 2005
We propose and estimate an economic model of regional housing markets in England andWales, incorporating both the macroeconomic relationships between prices, demand and supply and a microeconomic model of search, matching and price formation. The empirical model, estimated separately for each of...
Persistent link: https://www.econbiz.de/10005696978
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The Political Economy of Housing Supply:Homeowners, Workers, and Voters
Ortalo-Magne, Francois; Prat, Andrea - Suntory and Toyota International Centres for Economics … - 2007
Equilibrium of the housing market depends on a complex set of interactions between: (1)individual location decisions; (2) individual housing investment; (3) collective decisions onurban growth. We embed these three elements in a model of a dynamic economy with twosources of friction:...
Persistent link: https://www.econbiz.de/10005151126
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Estimating a stock-flow model for the Swiss housing market
Steiner, Elizabeth - Schweizerische Nationalbank (SNB) - 2010
This paper analyses the development of housing market imbalances, housing prices and residential investment in Switzerland within a stock-flow framework. In the long run, the desired level of residential capital stock and the existing residential capital stock revert. Empirical results indicate,...
Persistent link: https://www.econbiz.de/10008925022
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Estimating a Stock-Flow Model for the Swiss Housing Market
Steiner, Elizabeth - In: Swiss Journal of Economics and Statistics (SJES) 146 (2010) III, pp. 601-627
This paper analyzes the development of housing market imbalances, housing prices and residential investment in Switzerland within a stock-flow framework. In the long run, the desired level of residential capital stock and the existing residential capital stock revert. Empirical results indicate,...
Persistent link: https://www.econbiz.de/10008642183
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Estimating a stock-flow model for the Swiss housing market
Steiner, Elizabeth - Schweizerische Nationalbank (SNB) - 2010
This paper analyses the development of housing market imbalances, housing prices and residential investment in Switzerland within a stock-flow framework. In the long run, the desired level of residential capital stock and the existing residential capital stock revert. Empirical results indicate,...
Persistent link: https://www.econbiz.de/10008515786
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Regional US house price formation: One model fits all?
Anundsen, André Kallåk; Heebøll, Christian - Norges Bank - 2014
Does a "one model fits all" approach apply to the econometric modeling of regional house price determination? To answer this question, we utilize a panel of 100 US Metropolitan Statistical Areas over the period 1980q1-2010q2. For each area we estimate a separate cointegrated VAR model, focusing...
Persistent link: https://www.econbiz.de/10010789791
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The demand for new housing in Turkey: an application of ARDL model
Halicioglu, Ferda - In: Global Business and Economics Review 9 (2007) 1, pp. 62-74
This study provides empirical estimates for new residential homes demand function in Turkey using the time series data … for the period 1964â2004. An aggregate demand function for new private dwellings in Turkey is formed and is estimated … using bounds testing cointegration procedure proposed by Pesaran et al. (2001) to compute the short and long …
Persistent link: https://www.econbiz.de/10005753862
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The demand for new housing in Turkey: an application of ARDL model
Halicioglu, Ferda - In: Global Business and Economics Review 9 (2007) 1, pp. 62-74
This study provides empirical estimates for new residential homes demand function in Turkey using the time series data … for the period 1964–2004. An aggregate demand function for new private dwellings in Turkey is formed and is estimated … using bounds testing cointegration procedure proposed by Pesaran et al. (2001) to compute the short and long …
Persistent link: https://www.econbiz.de/10008538866
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Vivienda y Fiscalidad en España: un análisis empírico
Sanromán, Graciela - Departamento de Economía, Facultad de Ciencias Sociales - 2003
This paper analyzes the determinants of housing tenure choice and its re- lationship with the income taxes structure by using 6672 Spanish income tax forms of 1993. We use a model that jointly estimates the agent housing tenure decision, her probability of overcoming the legal tops for...
Persistent link: https://www.econbiz.de/10005481525