Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/120508 
Autor:innen: 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
52nd Congress of the European Regional Science Association: "Regions in Motion - Breaking the Path", 21-25 August 2012, Bratislava, Slovakia
Verlag: 
European Regional Science Association (ERSA), Louvain-la-Neuve
Zusammenfassung: 
This paper employs panel data on 413 counties and cities over 2004-2009 to investigate the local supply of new single-family housing in Germany. Construction activity in local housing markets (measured by new housing permits related to the local housing stock) is modeled as a function of local home prices and new housing development costs, with the latter including local costs related to construction and local costs of vacant land. The results suggest the permit rate in a location to be positively linked to higher local home price levels and recent increases in development costs, while higher levels of replacement costs dampen construction activity. The average price elasticity of new single-family home permits is considerably less than one, supporting recently published estimates based on national time-series data.
Dokumentart: 
Conference Paper

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.