Advanced Search
MyIDEAS: Login to save this article or follow this journal

Precancelaciones hipotecarias en Argentina: evidencias empíricas a partir de modelos de duración


Author Info

  • Mariano Selvaggi

    (University of Bristol (UK) - Universidad Argentina de la Empresa (Argentina))

Registered author(s):


    The expansion of the Argentinean mortgage market has triggered diverse economic studies, not only theoretical but also empirical. However, the behaviour of prepayments has so far remained practically unexplored. This paper thus presents a brief theoretical review of the subject and empirical estimations of duration models based on loans of Banco Hipotecario S.A. Among accelerated failure time models with constant covariates, it could be found that a convex Weibull hazard function, exhibiting positive duration dependence, showed the best fit. The estimation of proportional hazards models, which also incorporated dynamic covariates into the regressions, furthermore allowed us to identify prepayment responses to the Country Risk and to refinancing incentives, as well as Burnout type behaviours.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL:¶m2=43
    Download Restriction: no

    Bibliographic Info

    Article provided by Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata in its journal Económica.

    Volume (Year): XLVIII (2002)
    Issue (Month): 1-2 (January-December)
    Pages: 89-119

    as in new window
    Handle: RePEc:lap:journl:529

    Contact details of provider:
    Postal: Calle 48 No555 - La Plata (1900)
    Phone: 21- 1466
    Fax: 54-21-25-9536
    Web page:
    More information through EDIRC

    Related research


    Find related papers by JEL classification:


    No references listed on IDEAS
    You can help add them by filling out this form.



    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


    Access and download statistics


    When requesting a correction, please mention this item's handle: RePEc:lap:journl:529. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Margarita Machelett).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.