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

Yarui Li and David Leatham ()

No 143061, 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida from Southern Agricultural Economics Association

Abstract: 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.

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Pages: 16
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea13:143061

DOI: 10.22004/ag.econ.143061

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