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The tax wedge and repair and maintenance of houses

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  • Eskil Heinesen

Abstract

We estimate relations for consumers' demand for repair and maintenance of houses. Repair and maintenance services have close substitutes in the black economy and via do-it-yourself production. The tax wedge is included as an explanatory variable, since it is a measure of the price of paid and taxed services relative to services produced by black market or do-it-yourself activities. On Danish macroeconomic time series data large elasticities with respect to prices and the tax wedge are estimated. We estimate simple level equations and error correction models and test for cointegration.

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  • Eskil Heinesen, 1998. "The tax wedge and repair and maintenance of houses," Applied Economics Letters, Taylor & Francis Journals, vol. 5(3), pages 191-196.
    • Handle: RePEc:taf:apeclt:v:5:y:1998:i:3:p:191-196
    DOI: 10.1080/758521380
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    References listed on IDEAS

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    1. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
    2. Jarque, Carlos M. & Bera, Anil K., 1980. "Efficient tests for normality, homoscedasticity and serial independence of regression residuals," Economics Letters, Elsevier, vol. 6(3), pages 255-259.
    3. Campos, Julia & Ericsson, Neil R. & Hendry, David F., 1996. "Cointegration tests in the presence of structural breaks," Journal of Econometrics, Elsevier, vol. 70(1), pages 187-220, January.
    4. Dam, Poul Uffe, 1986. "The Danish macroeconomic model ADAM : A survey," Economic Modelling, Elsevier, vol. 3(1), pages 31-44, January.
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    1. Heinesen, Eskil, 1999. "The tax wedge and household demand for services," Economic Modelling, Elsevier, vol. 16(2), pages 235-256, April.

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