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LA VIVIENDA EN COLOMBIA: Sus Determinantes Socio-Económicos y Financieros

Author

Listed:
  • Sergio Clavijo
  • Michel Janna
  • Santiago Muñoz

Abstract

El objetivo de este trabajo es proporcionar una visión de conjunto del mercado hipotecario en Colombia y su relación con los principales determinantes que se encuentran a nivel internacional. Nuestras recomendaciones apuntan a examinar la cadena productiva y obtener un mejor entendimiento de las estadísticas “vitales” del sector vivienda y su relación con las condiciones crediticias. También presentamos un modelo simultáneo tendiente a explicar los ciclos de precios hipotecarios en Colombia durante el periodo 1990-2003. Por el lado de la demanda, encontramos que el metraje construido es bastante elástico al ingreso laboral de los hogares y al precio de la vivienda nueva, así como a la tasa de interés real. Por el lado de la oferta, se observó una elasticidad alta a los costos de construcción y un efecto riqueza moderado. Estos resultados son robustos a diferentes tipos de estimación.

Suggested Citation

  • Sergio Clavijo & Michel Janna & Santiago Muñoz, 2004. "LA VIVIENDA EN COLOMBIA: Sus Determinantes Socio-Económicos y Financieros," Borradores de Economia 3099, Banco de la Republica.
    • Handle: RePEc:col:000094:003099
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    References listed on IDEAS

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    12. Sergio Clavijo, 2002. "Política monetaria y cambiaria en Colombia: progresos y desafíos (1991-2002)," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, June.
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    Cited by:

    1. Ríos Ocampo, Juan Pablo & Olaya Morales, Yris, 2016. "Sostenibilidad del consumo doméstico de materiales de construcción en Colombia, 1990-2013," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 86, pages 127-151, December.
    2. Vanessa Cediel Sánchez & Carlos Velásquez Vega, 2015. "¿Hay una burbuja inmobiliaria en Bogotá? Un estudio por segmentos de mercado," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 17(32), pages 233-357, January-J.
    3. John García Rendón & Carlos Esteban Posada Posada, 2022. "Determinantes de los precios relativos de la vivienda: Bogotá versus Medellín," Coyuntura Económica, Fedesarrollo, vol. 52, pages 93-105, December.
    4. Olaya, Yris & Vásquez, Felipe & Müller, Daniel B., 2017. "Dwelling stock dynamics for addressing housing deficit," Resources, Conservation & Recycling, Elsevier, vol. 123(C), pages 187-199.
    5. Juan Pablo Ríos Ocampo & Yris Olaya Morales, 2017. "Sustainability of the domestic consumption of construction materials in Colombia, 1990-2013," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 86, pages 127-151, Enero - J.
    6. Leonardo Santana Viloria, 2015. "Estimación del beta para el sector inmobiliario a partir del desempeno de fondos de inversión inmobiliaria en Colombia," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 7(1), pages 83-95, January.

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    More about this item

    Keywords

    Mercados financieros;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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