The Impact of Credit Constraints on Housing Demand: Assessed with Endogenous Price and Expenditure

This article assesses the impact of credit constraints on housing demand with price and expenditure treated as endogenous variables. Using AIDS model, we find the model without controlling for endogeneities tends to underestimate the impact of credit constraint on the budget shares and the estimates are less significant.


Issue Date:
2013
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/143061
Total Pages:
16




 Record created 2017-04-01, last modified 2017-08-26

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