Arbeitspapier

Housing Markets in Uruguay: Determinants of Housing Demand and its Interaction with Public Policies

This paper analyzes the determinants of housing demand for Uruguay and the extent to which housing policies have an impact on their target population. The paper first analyzes the determinants of housing demand, following an approach based on Rosen’s (1974) two-step procedure consisting of fitting a hedonic price regression in 34 different geographical units (or markets) to estimate a housing demand function. The determinants of formality and ownership choices were examined using a multinomial logit framework. Determinants of these choices include both household demographic attributes and access to and use of public housing programs and other social programs. Policy recommendations are offered on the basis of the finding that a price and income-inelastic formal housing market greatly contrasts with a rather price and income-elastic informal housing market.

Language
Englisch

Bibliographic citation
Series: IDB Working Paper Series ; No. IDB-WP-258

Classification
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
Economywide Country Studies: Latin America; Caribbean
Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
Urban, Rural, Regional, Real Estate, and Transportation Economics: Government Policy
Production Analysis and Firm Location: Government Policy

Event
Geistige Schöpfung
(who)
Garabato, Natalia
Ramada-Sarasola, Magdalena
Event
Veröffentlichung
(who)
Inter-American Development Bank (IDB)
(where)
Washington, DC
(when)
2011

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Garabato, Natalia
  • Ramada-Sarasola, Magdalena
  • Inter-American Development Bank (IDB)

Time of origin

  • 2011

Other Objects (12)