The market for housing in Israel

Regional Science and Urban Economics

Volumn 28, Issue 1, 1998, Pages 21-49

  Bar Nathan, Moshe ^a   Beenstock, Michael ^b   Haitovsky, Yoel ^b  

^a The Bank of Israel   (Israel)

^b HEBREW UNIVERSITY OF JERUSALEM   (Israel)

Author keywords

Econometric model; Housing; Israel; Time to build

Indexed keywords

CAPITAL MARKET; HOUSING MARKET; MARKET CONDITIONS; NATIONAL ECONOMY;

ISRAEL;

EID: 0031895162     PISSN: 01660462     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0166-0462(97)00021-5     Document Type: Article

References (31)

1. Bar-Nathan, M., 1984. Productivity and Factors of Production in the Building Sector, 1960-1981. Bank of Israel Economic Review, August 1984 (Hebrew).
2. Bar-Nathan, M., 1988. Subsidization and Progressivity of Public Mortgages. Bank of Israel Economic Review, December 1988.
3. Blackley, D.M., Follain, J.R., 1991. An Econometric Model of the Metropolitan Housing Market. Journal of Housing Economics 1, 140-167.
4. Börsch-Supan, A., 1986. Household Formation, Housing Prices and Public Policy Impacts. Journal of Public Economics 30, 145-164.
5. Börsch-Supan, A., 1990. Panel Data Analysis for Housing Choices. Regional Science and Urban Economics 20, 65-82.
6. Davies, G.W., 1977. A Model of the Urban Residential Land and Housing Markets. Canadian Journal of Economics 10, 393-410.
7. Dicks, M.J., 1990. A Simple Model of the Housing Market. Bank of England, Discussion Paper 49, May 1990.
8. DiPasquale, D., Wheaton, W.C., 1994. Housing Market Dynamics and the Future of House Prices. Journal of Urban Economics 35, 1-27.
9. Dornbusch, R., Fischer, S., 1990. Macroeconomics, 5th ed. McGraw Hill.
10. Engelhardt, G.V., Poterba, J.M., 1991. Housing Prices and Demographic Change. Regional Science and Urban Economics 21, 539-544.
11. Engle, R.F., Fisher, F.M., Harris, J.R., Rothenberg, J., 1972. An Econometric Simulation Model of Intra-Metropolitan Housing Location: Housing, Business, Transportation and Local Government. American Economic Review, Papers and Proceedings 62, 87-97.
12. Ericsson, N.R., Hendry, D.F., 1985. Conditional Econometric Modelling; An Application to New House Prices in the United Kingdom. In: Atkinson, A.C., Feinberg, S.E. (Eds.), A Celebration of Statistics. Springer-Verlag, Berlin, 1985.
13. Ericsson, N.R., Irons, J.S., 1995. The Lucas Critique in Practice. In: Hoover, K.D. (Ed.), Macroeconometrics: Developments, Tensions and Prospects. Kluwer Academic, Boston.
14. Hendry, D.F., 1984. Econometric Modelling of House Prices in the United Kingdom. In: Hendry, D.F., Wallis, K.F. (Eds.), Econometrics and Quantitative Economics. Basil Blackwell, Oxford.
15. Holland, A.S., 1991. The Baby Boom and the Housing Market: Another Look at the Evidence. Regional Science and Urban Economics 21, 565-571.
16. Ioannides, Y.M., Rosenthal, S.S., 1994. Estimating the Consumption and Investment Demands for Housing and their Effects on Housing Tenure Status. Review of Economics and Statistics 76, 127-141.
17. Kanemoto, Y., 1990. Contract Types in the Property Market. Regional Science and Urban Economics 20, 5-22.
18. Kearl, J.R., 1979. Inflation, Mortgages and Housing. Journal of Political Economy, 87, pt. I, 1115-1138.
19. Lee, T., 1992. Stock-Flow Relationships in US Housing Construction. Oxford Bulletin of Economics and Statistics 54, 419-430.
20. Mankiw, G., Weil, D., 1989. The Baby Boom, the Baby Bust and the Housing Market. Regional Science and Urban Economics 19, 235-258.
21. Meen, G., 1993. The Treatment of House Prices in Macroeconomic Models. Dept. of Environment Occasional Paper, London, May 1993.
22. Meese, R., Wallace, N., 1994. Testing the Present Value Relation for Housing Prices: Should I Leave my House in San Francisco?. Journal of Urban Economics 35, 245-266.
23. Peek, J., Willcox, J.A., 1994. The Baby Boom, Pent-up Demand and Future House Prices. Journal of Housing Economics 1, 347-367.
24. Peng, R., Wheaton, W.C., 1994. Effects of Restrictive Land Supply on Housing in Hong Kong: an Econometric Analysis. Journal of Housing Research 5, 263-291.
25. Pines, D., Perlman, M., 1993. The Effect of Land Prices on the Welfare of Households and the Consumer Price Index. Discussion Paper 93.10, The Maurice Falk Institute for Economic Research in Israel, Jerusalem, November 1993 (Hebrew).
26. Poterba, J.M., 1984. Tax Subsidies to Owner-Occupied Housing: an Asset Market Approach. Quarterly Journal of Economics 99, 729-752.
27. Poterba, J.M., 1991. House Price Dynamics and the Role of Tax Policy and Demography. Brookings Papers on Economic Activity 2, 143-203.
28. Rosen, K.T., Smith, L.B., 1983. The Price-Adjustment Process for Rental Housing and the National Vacancy Rate. American Economic Review 83, 779-786.
29. Smith, L.B., 1969. A Model of the Canadian Housing and Mortgage Markets. Journal of Political Economy 77, 795-816.
30. Topel, R., Rosen, S., 1988. Housing Investment in the United States. Journal of Political Economy 96, 718-740.
31. Witte, J., 1963. Microfoundations of the Social Investment Schedule. Journal of Political Economy 74, 441-456.