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On real estate market transparency: The relationship with ICT trade and investment

Author

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  • Gholipour, Hassan F.
  • Arjomandi, Amir
  • Andargoli, Amirhossein Eslami
  • Bennett, Rohan

Abstract

The relationship between information and communication technology (ICT) investment, ICT trade, and real estate market transparency is examined in this paper. National-level bi-annual data from a sample of advanced and emerging market economies for the period 2004–2018 underpins this work. The regression analyses suggest greater levels of capital investment in ICT and ICT trade are associated with increased transparency in the real estate market. The effect is more pronounced in emerging economies than in advanced ones. Real estate market transparency is also higher in contexts having less restrictions on foreign real estate investment, coupled with corruption controls. These findings also align with existing literature inferring that countries with common law traditions are often more transparent than those from civil law origins.

Suggested Citation

  • Gholipour, Hassan F. & Arjomandi, Amir & Andargoli, Amirhossein Eslami & Bennett, Rohan, 2023. "On real estate market transparency: The relationship with ICT trade and investment," Land Use Policy, Elsevier, vol. 133(C).
    • Handle: RePEc:eee:lauspo:v:133:y:2023:i:c:s0264837723003125
    DOI: 10.1016/j.landusepol.2023.106846
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    More about this item

    Keywords

    Transparency; Real estate; ICT capital investment; ICT trade; land market; Land administration; Land sector; Corruption;
    All these keywords.

    JEL classification:

    • K25 - Law and Economics - - Regulation and Business Law - - - Real Estate Law
    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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