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Estimación Microeconométrica de la Tenencia y Demanda de Vivienda en España según la Localización/Microeconometric Estimation of Tenune and Housing Demand in Spain Accoding to Location

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  • RODRÍGUEZ HERNÁNDEZ, JOSÉ E.

    ()
    (Departamento de Economía Aplicada. Facultad de CC. EE. y Empresariales. Universidad de la Laguna. Campus de Guajara, s/n. Tenerife. Islas Canarias. España. Tfnos: (922) 317 030;(922) 317 028 Fax (922) 31 72 04.)

  • BARRIOS GARCÍA, JAVIER A.

    ()
    (Departamento de Economía Aplicada. Facultad de CC. EE. y Empresariales. Universidad de la Laguna. Campus de Guajara, s/n. Tenerife. Islas Canarias. España. Tfnos: (922) 317 030;(922) 317 028 Fax (922) 31 72 04.)

Abstract

Este trabajo analiza empíricamente los factores que determinan la tenencia y demanda de vivienda habitual en España según la localización de la vivienda, empleando los datos microeconométricos correspondientes a 1999 procedentes de la Encuesta Continua de Presupuestos Familiares (ECPF). Para el análisis de la tenencia empleamos el modelo logit multinomial mixto y para la estimación de la demanda utilizamos una generalización del estimador de Heckman en dos etapas para corregir el sesgo de selección muestral. This paper analyses the factors determining tenure choice and demand of habitual housing in Spain according to housing location, using microeconometric data for 1999 from the Spanish Household Budgets Continuous Survey (ECPF) database. We use the multinomial mixed logit model for the analysis of housing tenure choice, and a generalization of Heckman two-step estimator to correct for sample selection bias to obtain housing demand equations.

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Bibliographic Info

Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

Volume (Year): 25 (2007)
Issue (Month): (Abril)
Pages: 453-484

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Handle: RePEc:lrk:eeaart:25_1_17

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Postal: Beatriz Rodríguez Prado. Facultad de CC.EE. y EE. Avda. Valle del Esgueva. Valladolid 47011 SPAIN
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Related research

Keywords: Demanda de vivienda; logit mixto; selección muestral/Housing demand; mixed logit; sample selection.;

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References

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  1. V.A. Hajivassiliou & P. A. Ruud, 1993. "Classical Estimation Methods for LDV Models Using Simulation," Econometrics 9311002, EconWPA.
  2. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
  3. Goodman, Allen C. & Kawai, Masahiro, 1982. "Permanent income, hedonic prices, and demand for housing: New evidence," Journal of Urban Economics, Elsevier, vol. 12(2), pages 214-237, September.
  4. Dubin, Jeffrey A & McFadden, Daniel L, 1984. "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption," Econometrica, Econometric Society, vol. 52(2), pages 345-62, March.
  5. Ermisch, J. F. & Findlay, J. & Gibb, K., 1996. "The Price Elasticity of Housing Demand in Britain: Issues of Sample Selection," Journal of Housing Economics, Elsevier, vol. 5(1), pages 64-86, March.
  6. Nordvik, Viggo, 2001. "A Housing Career Perspective on Risk," Journal of Housing Economics, Elsevier, vol. 10(4), pages 456-471, December.
  7. Stephen Malpezzi, . "Hedonic Pricing Models: A Selective and Applied Review," Wisconsin-Madison CULER working papers 02-05, University of Wisconsin Center for Urban Land Economic Research.
  8. Goodman, Allen C., 2002. "Estimating Equilibrium Housing Demand for "Stayers"," Journal of Urban Economics, Elsevier, vol. 51(1), pages 1-24, January.
  9. Barrios, Javier A., 2004. "Generalized sample selection bias correction under RUM," Economics Letters, Elsevier, vol. 85(1), pages 129-132, October.
  10. Jan Rouwendal & Erik Meijer, 2001. "Preferences for Housing, Jobs, and Commuting: A Mixed Logit Analysis," Journal of Regional Science, Wiley Blackwell, vol. 41(3), pages 475-505.
  11. Lee, Lung-Fei & Trost, Robert P., 1978. "Estimation of some limited dependent variable models with application to housing demand," Journal of Econometrics, Elsevier, vol. 8(3), pages 357-382, December.
  12. Daniel McFadden & Kenneth Train, 2000. "Mixed MNL models for discrete response," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(5), pages 447-470.
  13. Rapaport, Carol, 1997. "Housing Demand and Community Choice: An Empirical Analysis," Journal of Urban Economics, Elsevier, vol. 42(2), pages 243-260, September.
  14. Rodríguez Hernández, J.E. & Barrios García, J.A., 2003. "Un modelo logit mixto de tenencia de vivienda en Canarias," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 21, pages 173-191, Abril.
  15. Peter Chinloy, 1991. "Risk and the User Cost of Housing Services," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 19(4), pages 516-531.
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