IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

The Housing Rental Rate Elasticity of Aggregate Consumption: A Panel Study for OECD Countries

  • Dieter Gstach
Registered author(s):

    This paper investigates the impact of changing housing rental rates upon aggregate consumption based on yearly data for 18 OECD countries observed between 1970 and 2004. Estimates of long run elasticities are derived from cointegrating relationships with panel estimation techniques and compared with estimates implicitly given in short run dynamic equations. The results across all estimation approaches yield similar magnitudes and indicate a significantly negative impact of rental rate increases upon aggregate consumption. For the EU-25 or the USA, for example, relevant elasticities lie in the range between -0.13 and -0.17. The jointly estimated elasticities of the wealth components seem unaffected, relative to previous studies, by the inclusion of the rental housing market variables.

    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: http://www.informaworld.com/openurl?genre=article&doi=10.1080/14616710701650419&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Taylor & Francis Journals in its journal International Journal of Housing Policy.

    Volume (Year): 7 (2007)
    Issue (Month): 4 ()
    Pages: 367-382

    as
    in new window

    Handle: RePEc:taf:intjhp:v:7:y:2007:i:4:p:367-382
    Contact details of provider: Web page: http://www.tandfonline.com/REUJ20

    Order Information: Web: http://www.tandfonline.com/pricing/journal/REUJ20

    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.

    When requesting a correction, please mention this item's handle: RePEc:taf:intjhp:v:7:y:2007:i:4:p:367-382. 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: (Michael McNulty)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.