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34 p, 1.1 MB Long-run Supply and Demand Elasticities in the Spanish Housing Market / Arrazola, María (Universidad Rey Juan Carlos) ; Romero Jordán, Desiderio (Universidad Rey Juan Carlos) ; Sanz Sanz, José Félix (Universidad Complutense de Madrid) ; Hevia, José de (Universidad Rey Juan Carlos)
In this paper, we analyze housing supply and demand in Spain. Using data for 1975 to 2009, reduced form and structural models are estimated. The results show that faced with situations of disequilibrium, prices adjust more rapidly than stocks. [...]
2015
Journal of real estate research, Vol. 37 Núm. 3 (2015) , p. 371-404  
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