The Demand for Housing in Scotland: New Estimates from the Scottish House Condition Survey

Gibb, K. and Mackay, D. (2001) The Demand for Housing in Scotland: New Estimates from the Scottish House Condition Survey. Series: Discussion paper (University of Glasgow. Economics and Finance of Property and Housing Research Group) (4). Economics and Finance of Property and Housing Research Group, University of Glasgow. ISBN 1871769949

Abstract

Earlier empirical housing studies of demand experienced conceptual and empirical problems (downward bias, measurement problems, sample selection bias, etc.). This paper builds on an earlier approach by Ermisch, et al (1996), and reports new empirical research which estimates the price and income elasticity of demand for housing using the 1996 Scottish House Condition Survey. The distinctive aspects of this paper are that it constructs a new hedonic price index, and develops a three-stage model of demand. The mobility decision is isolated from the tenure choice decision and the actual housing consumption decision incorporating Heckman’s sample selection technique to overcome any biases in the data. The focus of the paper is on the robustness of the derived results, stressing the sensitivity of the results in terms of its various components.

• Item Type: Books
• Status: Published
• Glasgow Author(s) Enlighten ID: Gibb, Professor Ken and Mackay, Professor Daniel
• Authors: Gibb, K., and Mackay, D.
• College/School: College of Social Sciences > School of Social and Political Sciences > Urban Studies; College of Medical Veterinary and Life Sciences > School of Health & Wellbeing > Public Health
• Publisher: Economics and Finance of Property and Housing Research Group, University of Glasgow
• ISBN: 1871769949

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