Dual Housing Markets in a Centrally Planned Economy: An Empirical Analysis

Wojciech Charemza () and Richard E Quandt

Kyklos, 1990, vol. 43, issue 3, pages 411-36

Abstract: This paper reviews the history of housing in Poland since World War II. It then formulates an econometric demand-supply model for state and for private housing. The two submarkets are connected through certain spillovers. While the state market is assumed always to exhibit excess demand, ordinary simultaneous equations estimation techniques can be used to estimate the model, because the excess demand is actually observed. The model is then estimated from annual data covering the 1955-84 period. Policy simulations for the within-sample, as well as for the out-of-sample years 1985-86, examine the effect of exogenous variable changes on waiting lists and other endogenous variables. Copyright 1990 by WWZ and Helbing & Lichtenhahn Verlag AG

Date: 1990
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Persistent link: http://EconPapers.repec.org/RePEc:bla:kyklos:v:43:y:1990:i:3:p:411-36

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