The Impact of Credit Constraints on Housing Demand: Assessed with Endogenous Price and Expenditure

Preprint OPEN
Li, Yarui; Leatham, David J.;
(2013)
  • Subject: Credit constraint, housing market, AIDS model, endogeneity, Consumer/Household Economics,
    mesheuropmc: education | health care economics and organizations

This article assesses the impact of credit constraints on housing demand with price and expenditure treated as endogenous variables. Using AIDS model, we find the model without controlling for endogeneities tends to underestimate the impact of credit constraint on the b... View more
Share - Bookmark