کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
962307 | 930062 | 2009 | 9 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The first step on the housing ladder: A natural experiment in Hong Kong
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
The article presents and illuminates evidence, based on recent Hong Kong experience, indicating the existence of a “housing ladder effect” when housing prices increase or decrease. An increase of housing equity at the bottom of the ladder tends to translate into a trading up activity that will both increase housing market turnover and buoy up the entire housing market. Based on a natural experiment through the introduction of a public housing privatization scheme, this article demonstrates the importance of the first step on the housing ladder using a logit model.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Housing Economics - Volume 18, Issue 1, March 2009, Pages 59-67
Journal: Journal of Housing Economics - Volume 18, Issue 1, March 2009, Pages 59-67
نویسندگان
Lok Sang Ho, Gary Wai-chung Wong,