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Housing Demand in Portugal

Author

Listed:
  • Pedro Guedes Carvalho

    (Universidade Beira Interior)

Abstract

In a former study (Carvalho 1995) we modeled the housing market in Portugal in a classic cross section framework and did find that housing construction was dependant from income, population and sensitive to location. Nevertheless we couldn t find the extent of this sensitivity in such a framework. This paper is an upgrade of that study, using a spatial econometric model. Comparing the results, there are some slightly different estimates in the coefficients, but a lot more of precision once we incorporate the spatial interaction between the counties, changing the magnitude and significance of the coefficients.

Suggested Citation

  • Pedro Guedes Carvalho, 2003. "Housing Demand in Portugal," Econometrics 0303005, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpem:0303005
    Note: Type of Document - pdf; prepared on IBM PC - PC-TEX/UNIX Sparc TeX; figures: included. We never published this piece and now we would like to reduce our mailing and xerox cost by posting it.
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/em/papers/0303/0303005.pdf
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    Cited by:

    1. G. Carvalho, Pedro & Ribeiro, Alexandra, 2007. "Acnowledging for spatial effects in the Portuguese housing markets," MPRA Paper 6132, University Library of Munich, Germany.

    More about this item

    Keywords

    housing market; spatial econometrics; Portugal;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods

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