Elasticidad precio de la oferta inmobiliaria en el Gran Santiago

Housing supply elasticity in Greater Santiago

Francisco-Javier Lozano Navarro

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this article is to model the housing market in Greater Santiago from a supply perspective, using a Tobin-q equation to explain residential investment and taking into account its fundamentals: house prices, land prices and construction costs. Price elasticity coefficients are estimated and the following hypothesis contrasted: 1) there exist significant differences among areas within the city, which are probably caused by regulation; and 2) areas with more elastic supply present moderate price adjustments.

Keywords: Housing supply; house prices; residential investment, q-theory (search for similar items in EconPapers)
JEL-codes: R21 R31 (search for similar items in EconPapers)
Date: 2015-02-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/65012/3/MPRA_paper_65012.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65012

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().