Capital Taxation, Housing Investment and Wealth Accumulation in a Small Open Economy

Søren Nielsen and Peter Birch Sørensen
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Peter Birch Sørensen: Copenhagen Business School

Chapter 11 in Open-Economy Macroeconomics, 1993, pp 203-223 from Palgrave Macmillan

Abstract: Abstract With few exceptions, the literature on international economics tends to suppress the role of the housing market and markets for durables per se in the macroeconomy. Similarly, macro-oriented studies of the housing market have nearly always been carried out in a closed economy context. As a whole, the total literature dealing with housing seems to be overwhelmingly occupied with the more micro-economic facets of parts of the housing market, as witnessed by the useful survey by Smith et al. (1988).

Keywords: Capital Income; House Price; Housing Market; Housing Stock; Construction Sector (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-12884-6_11

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DOI: 10.1007/978-1-349-12884-6_11

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