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Corruption and Housing Price Volatility: Empirical Evidence - Corruzione e volatilità del mercato immobiliare: evidenze empiriche

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This paper examines the determinants of cross-country housing price volatility over 2000-08, with main focus on the effects of corruption. Taking account of various other aspects and potential simultaneity issues, results show that greater corruption is associated with greater property price volatility. Policy implications are noted. - Questo studio analizza le cause determinanti la volatilità cross-country del mercato immobiliare nel periodo 2000-2008, con particolare attenzione agli effetti provocati dalla corruzione. Tenendo conto anche di altri aspetti e problemi coesistenti in questo settore, i risultati indicano che ad un maggiore livello di corruzione è associata una maggiore volatilità dei prezzi degli immobili. Si evidenziano anche le implicazioni politiche.

Suggested Citation

  • Goel, Rajeev K. & Punzi, Maria Teresa, 2013. "Corruption and Housing Price Volatility: Empirical Evidence - Corruzione e volatilità del mercato immobiliare: evidenze empiriche," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 66(3), pages 323-336.
    • Handle: RePEc:ris:ecoint:0693
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    More about this item

    Keywords

    Corruption; Housing Prices; Interest Rate; Economic Growth; Remittances;
    All these keywords.

    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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