[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Search :: Submit ::
Main Menu
Home::
Journal Information::
Articles archive::
For Authors::
For Reviewers::
Registration::
Contact us::
Site Facilities::
::
:: Volume 20, Issue 63 (10-2012) ::
qjerp 2012, 20(63): 33-50 Back to browse issues page
A Study of House Price Determinants in Iran, Using Panel Data
Seyed Mansour Khalili Araghi * , Mohsen Mehrara , Seyed Reza Azimi
University of Tehran , khalili@ut.ac.ir
Abstract:   (11563 Views)
This paper models the impact of supply and demand sides on real prices of housing in Iran. Household expenditure, number of households, user cost (housing ownership cost), bank loan, land price and construction cost are included in the model. Given the advantages of panel data, this paper uses unbalanced data of urban areas of 30 provinces of Iran during 1991- 2010. To segregate the impacts of the variables in time horizon, with regard to an Error Correction Model, the functions are estimated in short-run and long-run by the Dynamic Ordinary Least Squares (DOLS) method. Results indicate that both in the long-run and short-run, household expenditure, bank loan and land price had positive effects and ownership cost had adverse effects on real house prices. In addition, in the short-run, the lagged house prices produced positive effects on the current real house prices.
Keywords: House Price, House Supply, House Demand, Panel Data, Error Correction Model
Full-Text [PDF 392 kb]   (16998 Downloads)    
Type of Study: Research | Subject: Special
Send email to the article author

Add your comments about this article
Your username or Email:

CAPTCHA


XML   Persian Abstract   Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Khalili Araghi S M, Mehrara M, Azimi S R. A Study of House Price Determinants in Iran, Using Panel Data. qjerp 2012; 20 (63) :33-50
URL: http://qjerp.ir/article-1-467-en.html


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 20, Issue 63 (10-2012) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
Persian site map - English site map - Created in 0.05 seconds with 37 queries by YEKTAWEB 4645