Heteroscedastic Probit Model: An Application Of Home Ownership In Turkey
AbstractThis study examines the factors affecting the possibility of owning a house in Turkey using probit models. Moreover, it focuses on the heteroscedasticity problem that is ignored in most of the probit applications. The results obtained from the study indicate that besides the demographic characteristics of the head of the household, education, employment, and income are also influential factors in regard to home ownership. Besides these things, evidence indicates that the choice to live in either rural or urban areas has a significant impact on home ownership.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Regional and Sectoral Economic Studies.
Volume (Year): 12 (2012)
Issue (Month): 2 ()
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Web page: http://www.usc.es/economet/eaa.htm
Find related papers by JEL classification:
- C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
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