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Capital Taxation, Housing Investment and Wealth Accumulation in a Small Open Economy

In: Open-Economy Macroeconomics

Author

Listed:
  • Søren Bo Nielsen

    (Copenhagen Business School)

  • Peter Birch Sørensen

    (Copenhagen Business School)

Abstract

With few exceptions, the literature on international economics tends to suppress the role of the housing market and markets for durables per se in the macroeconomy. Similarly, macro-oriented studies of the housing market have nearly always been carried out in a closed economy context. As a whole, the total literature dealing with housing seems to be overwhelmingly occupied with the more micro-economic facets of parts of the housing market, as witnessed by the useful survey by Smith et al. (1988).

Suggested Citation

  • Søren Bo Nielsen & Peter Birch Sørensen, 1993. "Capital Taxation, Housing Investment and Wealth Accumulation in a Small Open Economy," International Economic Association Series, in: Helmut Frisch & Andreas Wörgötter (ed.), Open-Economy Macroeconomics, chapter 11, pages 203-223, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-12884-6_11
    DOI: 10.1007/978-1-349-12884-6_11
    as

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