The market for housing in Israel
作者： Moshe Bar-Nathan , Michael Beenstock , Yoel Haitovsky
DOI: 10.1016/S0166-0462(97)00021-5
关键词: Labour economics 、 Price elasticity of demand 、 Public sector 、 As is 、 Econometric model 、 Nexus (standard) 、 Economics 、 Capital market imperfections 、 Price elasticity of supply 、 Factor market
摘要: Abstract Using data for 1974–1990 we estimate an econometric model of the Israeli housing market. Novel features include treatment starts–completions nexus, implications capital market imperfections both building contractors and households, effects public sector construction on dynamics We find that price elasticity demand is small, as supply elasticity. This implies shocks to continue affect prices new many years.
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