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Housing Market in Portugal revisited. A spatial analysis for 275 counties

Author

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  • Pedro Guedes Carvalho

    () (Departamento de Gestão e Economia, Universidade da Beira Interior)

Abstract

In 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.

Suggested Citation

  • Pedro Guedes Carvalho, 2003. "Housing Market in Portugal revisited. A spatial analysis for 275 counties," Working Papers de Gestão, Economia e Marketing (Management, Economics and Marketing Working Papers) 02/2003, Universidade da Beira Interior, Departamento de Gestão e Economia (Portugal).
  • Handle: RePEc:csh:wpecon:02/2003
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    Keywords

    Housing Market; Portugal; spatial econometrics;

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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