Modelling Spatial Housing Markets: Theory, Analysis and Policy / Edition 1

Modelling Spatial Housing Markets: Theory, Analysis and Policy / Edition 1

by Geoffrey Meen
     
 

ISBN-10: 0792373073

ISBN-13: 9780792373070

Pub. Date: 02/01/2001

Publisher: Springer US

Spatial fixity is one of the characteristics that distinguishes housing from most other goods and services in the economy. In general, housing cannot be moved from one part of the country to another in response to shortages or excesses in particular areas. The modelling of housing markets and the interlinkages between markets at different spatial levels -

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Overview

Spatial fixity is one of the characteristics that distinguishes housing from most other goods and services in the economy. In general, housing cannot be moved from one part of the country to another in response to shortages or excesses in particular areas. The modelling of housing markets and the interlinkages between markets at different spatial levels - international, national, regional and urban - are the main themes of this book.
A second major theme is disaggregation, not only in terms of space, but also between households. The book argues that aggregate time-series models of housing markets of the type widely used in Britain and also in other countries in the past have become less relevant in a world of increasing income dispersion. Typically, aggregate relationships will break down, except under special conditions. We can no longer assume that traditional location or tenure patterns, for example, will continue in the future.
The book has four main components. First, it discusses trends in housing markets both internationally and within nations. Second, the book develops theoretical housing models at each spatial scale, starting with national models, moving down to the regional level and, then, to urban models. Third, the book provides empirical estimates of the models and, finally, the models are used for policy analysis. Analysis ranges over a wide variety of topics, including explanations for differing international house price trends, the causes of housing cycles, the role of credit markets, regional housing market interactions and the role of housing in urban/suburban population drift.

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Product Details

ISBN-13:
9780792373070
Publisher:
Springer US
Publication date:
02/01/2001
Series:
Advances in Urban and Regional Economics Series, #2
Edition description:
2001
Pages:
267
Product dimensions:
6.10(w) x 9.25(h) x 0.36(d)

Table of Contents

Preface. 1. Introduction. 2. Issues in Housing Data Analysis. 3. Selected Topics in Housing Theory: A National Perspective. 4. Housing Theory: Regional Issues. 5. Housing Careers and Urban Structure. 6. Empirical Findings From National Housing Models. 7. Explaining Regional Patterns. 8. Housing, Depriviation and Urban Change. 9. Selected Issues in National Housing Policy. 10. Selected Issues in Regional and Urban Housing Policy. 11. ...And Finally. References. Index.

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