Munich Personal RePEc Archive

Elasticidad precio de la oferta inmobiliaria en el Gran Santiago

Lozano Navarro, Francisco-Javier (2015): Elasticidad precio de la oferta inmobiliaria en el Gran Santiago. Published in: Working Paper No. 80, Chilean Chamber of Construction (1 February 2015)

[thumbnail of MPRA_paper_65012.pdf]

Download (562kB) | Preview


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.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.