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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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Demographic Factors and the Demand for Housing in the Helsinki Metropolitan Area
Kuismanen, Mika; Laakso, Seppo; Loikkanen, Heikki A. - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 1999
We examine the role of demographics on the housing market in the Helsinki Metropolitan Area (HMA) using the Mankiw and Weil (1989) approach. First, we estimate housing demand for each age group in HMA using cross section data and find that it increases from childhood to the age 70-74 years. This...
Persistent link: https://www.econbiz.de/10005545926