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Modelling Spatial Housing Markets : Theory, Analysis and Policy - Geoffrey Meen

Modelling Spatial Housing Markets

Theory, Analysis and Policy

Hardcover Published: 28th February 2001
ISBN: 9780792373070
Number Of Pages: 267

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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.

Issues in Housing Data Analysis
Selected Topics in Housing Theory: A National Perspective
Housing Theory: Regional Issues
Housing Careers and Urban Structure
Empirical Findings From National Housing Models
Explaining Regional Patterns
Housing, Depriviation and Urban Change
Selected Issues in National Housing Policy
Selected Issues in Regional and Urban Housing Policy
...And Finally
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780792373070
ISBN-10: 0792373073
Series: Advances in Urban and Regional Economics
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 267
Published: 28th February 2001
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 24.13 x 15.88  x 12.7
Weight (kg): 0.58