Housing Demand in Portugal
AbstractIn a former study (Carvalho 1995) we modeled the housing market in Portugal in a classic cross section framework and did find that housing construction was dependant from income, population and sensitive to location. Nevertheless we couldn t find the extent of this sensitivity in such a framework. This paper is an upgrade of that study, using a spatial econometric model. Comparing the results, there are some slightly different estimates in the coefficients, but a lot more of precision once we incorporate the spatial interaction between the counties, changing the magnitude and significance of the coefficients.
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Bibliographic InfoPaper provided by EconWPA in its series Econometrics with number 0303005.
Date of creation: 06 Mar 2003
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housing market; spatial econometrics; Portugal;
Find related papers by JEL classification:
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-03-10 (All new papers)
- NEP-GEO-2003-03-10 (Economic Geography)
- NEP-MAC-2003-03-10 (Macroeconomics)
- NEP-URE-2003-03-10 (Urban & Real Estate Economics)
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