English, Article, Journal or magazine article edition: Modelling Housing Investment for Seven Major OECD Countries Thomas Egebo; Ian Lienert

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Bookmark: http://trove.nla.gov.au/version/136137
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Modelling Housing Investment for Seven Major OECD Countries
Author
  • Thomas Egebo
  • Ian Lienert
Physical Description
  • preprint
Notes
  • This paper presents new housing equation estimates for the major seven countries in INTERLINK, the OECD world econometric model. Theoretical and empirical aspects of housing investment behaviour are discussed in a model context. Estimation results using an adjustment model for the stock of houses are presented and discussed, together with simulations comparing the performances of the old and new housing blocks in the model. The results embody an important improvement in understanding the aggregate determination of aggregate residential investment ... Cet article présente de nouvelles estimations d'équations pour l'investissement en logements pour les sept plus grands pays de l'OCDE dans INTERLINK, le modèle économétrique mondial de l'OCDE. Les aspects théoriques et empiriques du comportement de l'investissement résidentiel sont discutés dans le contexte du modèle. L'estimation d'un modèle d'ajustement du stock de logements est présentée et discutée, ainsi que les simulations comparant les performances respectives des anciens et nouveaux blocs du modèle. Les résultats indiquent une nette amélioration dans la compréhension de la détermination de l'investissement résidentiel aggrégé ...
  • RePEc:oec:ecoaaa:63-en
Language
  • English
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