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Being one of the developing countries in Asia, squatters and housing are among the main subject of government focus in … each development programmme in Malaysia. This article focuses on the issue of squatters and housing and seeks to present on … how the Malaysian government has work towards providing a quality life and affordable housing to its citizens. Nonetheless …
Persistent link: https://www.econbiz.de/10008491386
housing deficit of the provinces for the national program distribution, this relationship provides inequities and lack of … Promotion and Social Assistance programs (except those which by law are distributed according to NBI). In the case of Housing … and Urban Development, a role that increased significantly during the analysed period, with major housing schemes promoted …
Persistent link: https://www.econbiz.de/10008526973
Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure, and this is the focus of this paper. Its aim is to...
Persistent link: https://www.econbiz.de/10005002527
We study the role of residential housing in financing capital investment in a dynamic stochastic general equilibrium … framework. Residential housing, though nonproductive, is shown to be important in determining the cost of external financing for … investment on productive capital. Housing stock serves as collaterals in financial contracts for capital investment. We find that …
Persistent link: https://www.econbiz.de/10005090907
Household Savings Survey (HSS). This paper presents the results of an analysis of ownership and investment in housing based on … housing debt levels in New Zealand are broadly comparable with those in Australia and the United States and with a wider set … reflect the importance of housing for both assets and liabilities. We complement the analysis of the cross-sectional unit …
Persistent link: https://www.econbiz.de/10005176919
or housing, whose price is bid up by economic growth, affects the accumulation of productive capital along the balanced … growth of the economy. Land rules out the Golden rule equilibrium, and an increase in the taste for housing (or land …
Persistent link: https://www.econbiz.de/10005486762
There has recently been widespread public debate and media attention around housing affordability. This paper discusses … the concept of affordability as it applies to housing, examines the approaches used to measure affordability, and then …
Persistent link: https://www.econbiz.de/10005607226
This paper deals with applying GIS and spatial statistics to hedonic modeling. More precisely, it looks at spatial autocorrelation and trend surface analysis (TSA) as devices that can be used to improve model performances. Empirical analysis is performed on the Charlesbourg 1986-87 bungalow...
Persistent link: https://www.econbiz.de/10005619067
A general equilibrium model, that incorporates endogenous production and local housing markets, is developed in order … to explain the price relationship among human capital, housing, and stocks, and to uncover the role of housing in asset … pricing. Housing serves as an asset as well as a durable consumption good. It is shown that housing market conditions …
Persistent link: https://www.econbiz.de/10005619522
This paper studies the role of the Federal Reserve’s policy in the recent boom and bustof the housing market, and in …,its contribution to the recent housing cycle was negligible. We also show that a morerestrictive policy would have smoothed the cycle …
Persistent link: https://www.econbiz.de/10010826347