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An Empirical Analysis of the Demand for Housing Attributes in a Third World City

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  • Ben C. Arimah

Abstract

This paper presents estimates of the demand for a set of housing attributes using data drawn from the renter and owner occupier housing submarkets for Ibadan, Nigeria. The empirical analysis, based on an adaptation of Rosen's two-step model, reveals that the most important determinants of the demand for housing attributes are income, price of the attribute in question, household size, and the occupational status of the head of household. The paper further indicates that the demand for housing attributes is inelastic since all estimated coefficients are below unity.

Suggested Citation

  • Ben C. Arimah, 1992. "An Empirical Analysis of the Demand for Housing Attributes in a Third World City," Land Economics, University of Wisconsin Press, vol. 68(4), pages 366-379.
    • Handle: RePEc:uwp:landec:v:68:y:1992:i:4:p:366-379
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    Cited by:

    1. Doling, John & Vandenberg, Paul & Tolentino, Jade, 2013. "Housing and Housing Finance—A Review of the Links to Economic Development and Poverty Reduction," ADB Economics Working Paper Series 362, Asian Development Bank.
    2. Ho, Hui-Ping & Chang, Ching-Ter & Ku, Cheng-Yuan, 2015. "House selection via the internet by considering homebuyers’ risk attitudes with S-shaped utility functions," European Journal of Operational Research, Elsevier, vol. 241(1), pages 188-201.
    3. Tan, Teck Hong, 2011. "Measuring the willingness to pay for houses in a sustainable neighborhood," MPRA Paper 30446, University Library of Munich, Germany.
    4. B C Arimah, 1994. "The Income Elasticity of Demand in a Sub-Saharan African Housing Market: Evidence from Ibadan, Nigeria," Environment and Planning A, , vol. 26(1), pages 107-119, January.
    5. Lozano-Gracia, Nancy & Young, Cheryl, 2014. "Housing consumption and urbanization," Policy Research Working Paper Series 7112, The World Bank.
    6. Ayaz Ahmad & Nasir Iqbal & Rehana Siddiqui, 2018. "Determinants of Housing Demand in Urban Areas of Pakistan: Evidence from the PSLM," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 57(1), pages 1-25.
    7. Ben C. Arimah, 1997. "The Determinants of Housing Tenure Choice in Ibadan, Nigeria," Urban Studies, Urban Studies Journal Limited, vol. 34(1), pages 105-124, January.
    8. Yusuf, Arief Anshory & Resosudarmo, Budy P., 2009. "Does clean air matter in developing countries' megacities? A hedonic price analysis of the Jakarta housing market, Indonesia," Ecological Economics, Elsevier, vol. 68(5), pages 1398-1407, March.
    9. Tan, teck hong, 2011. "Neighborhood preferences of house buyers: the case of klang valley, malaysia," MPRA Paper 30420, University Library of Munich, Germany.
    10. Saudamini Das & Arup Mitra & Rajnish Kumar, 2017. "Do neighbourhood facilities matter for slum housing? Evidence from Indian slum clusters," Urban Studies, Urban Studies Journal Limited, vol. 54(8), pages 1887-1904, June.
    11. (No last name available), Himanshu, 2013. "Poverty and Food Security in India," ADB Economics Working Paper Series 369, Asian Development Bank.
    12. Debuque-Gonzales, Margarita, 2013. "Empirical Determinants and Patterns of Research and Development Investment in Asia," ADB Economics Working Paper Series 364, Asian Development Bank.
    13. Randall Crane & Amrita Daniere & Stacy Harwood, 1997. "The Contribution of Environmental Amenities to Low-income Housing: A Comparative Study of Bangkok and Jakarta," Urban Studies, Urban Studies Journal Limited, vol. 34(9), pages 1495-1512, August.
    14. Karen Fierro & Thomas Fullerton & K. Donjuan-Callejo, 2009. "Housing Attribute Preferences in a Northern Mexico Metropolitan Economy," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 37(2), pages 159-172, June.
    15. Chin-Tai Kuo & Yu-Hsi Yuan & Wang-Ze Gao & Chia-Ning Jao, 2023. "The Impact of Recognized Features of Uncomfortable Houses on Auction Prices: A Chinese Cultural Perspective," SAGE Open, , vol. 13(4), pages 21582440231, December.
    16. Ching-Ter Chang & Cheng-Yuan Ku & Hui-Ping Ho & Chechen Liao, 2011. "A MCGP decision aid for homebuyers to make the best choice," Quality & Quantity: International Journal of Methodology, Springer, vol. 45(4), pages 969-983, June.
    17. Yusep Suparman & Henk Folmer & Johan Oud, 2014. "Hedonic price models with omitted variables and measurement errors: a constrained autoregression–structural equation modeling approach with application to urban Indonesia," Journal of Geographical Systems, Springer, vol. 16(1), pages 49-70, January.

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