Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/204811 
Year of Publication: 
2019
Series/Report no.: 
MAGKS Joint Discussion Paper Series in Economics No. 16-2019
Publisher: 
Philipps-University Marburg, School of Business and Economics, Marburg
Abstract: 
This study demonstrates an economic consequence of climate change and water crises in Iran. It examines the effect of drought on housing prices, residential land prices, and housing rents in Iran. Using data from provinces of Iran from 1993 to 2015 and applying static and dynamic panel fixed effects estimators, we find evidence that an increase in the balance of water (reducing the severity of drought) within provinces has a positive effect on property prices. Our results have important implications for Iranian policymakers and property investors.
Subjects: 
Drought
Water Crisis
Property Prices
Housing
Iran
JEL: 
R21
R31
Q54
Document Type: 
Working Paper

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