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Elasticidad precio de la oferta inmobiliaria en el Gran Santiago
[Housing supply elasticity in Greater Santiago]

Listed author(s):
  • Lozano Navarro, Francisco-Javier

The aim of this article is to model the housing market in Greater Santiago from a supply perspective, using a Tobin-q equation to explain residential investment and taking into account its fundamentals: house prices, land prices and construction costs. Price elasticity coefficients are estimated and the following hypothesis contrasted: 1) there exist significant differences among areas within the city, which are probably caused by regulation; and 2) areas with more elastic supply present moderate price adjustments.

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File URL: https://mpra.ub.uni-muenchen.de/65012/3/MPRA_paper_65012.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 65012.

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Date of creation: 01 Feb 2015
Handle: RePEc:pra:mprapa:65012
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