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The paper examines the impact of housing supply elasticity on urban development. Using data for a sample of around one …, we show that differences in the elasticity of housing supply may determine the extent to which a demand shock translates … into more intense employment growth or more expensive houses. To address endogeneity of housing supply elasticity, we …
Persistent link: https://www.econbiz.de/10012832746
Over the last two decades, New Zealand experienced a threefold increase in housing prices. The largest surge in prices in recent years occurred between 1998 and 2007, a period of housing price growth in many developed economies. Since 2007, housing price growth remained flat until 2011, and then...
Persistent link: https://www.econbiz.de/10012115678
India is at the cusp of a major urban transition. In less than twenty years, India's urban population is expected to nearly double from 377 million today to over 600 million. Indian cities already contribute an estimated two-thirds of India's GDP, and this number is expected to rise to 75% by...
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China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric … clear support of a stable long-run relationship between housing investment, non-housing investment and GDP in China. We then … estimate the long-run elasticity of GDP with respect to housing investment for the whole country as well as three sub regions …
Persistent link: https://www.econbiz.de/10010321479
China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric … clear support of a stable long-run relationship between housing investment, non-housing investment and GDP in China. We then … estimate the long-run elasticity of GDP with respect to housing investment for the whole country as well as three sub regions …
Persistent link: https://www.econbiz.de/10003789282