Quantifying the impact of rent deregulation on property prices
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F21%3A00125212" target="_blank" >RIV/00216224:14560/21:00125212 - isvavai.cz</a>
Result on the web
<a href="https://www.narodacek.cz/wp-content/uploads/2022/01/Proceedings-of-the-International-Scientific-Conference_2021-_FV_compressed-1.pdf" target="_blank" >https://www.narodacek.cz/wp-content/uploads/2022/01/Proceedings-of-the-International-Scientific-Conference_2021-_FV_compressed-1.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
čeština
Original language name
Quantifying the impact of rent deregulation on property prices
Original language description
The aim of the paper is to quantify the impact of rent deregulation on property prices. Using univariate time series models with an intervening variable – the ARIMAX model – the impact of rent price deregulation on property prices is estimated for fourteen regions of the Czech Republic. The analysis is performed on quarterly data covering the period 1999-2017. The variables capturing the intervention in the form of rent deregulation are of two types: the first covers the period between 2007-2008 and the second covers the period between 2006-2012. The results show that deregulation may have played a significant role in driving up house prices within regions where the number of deregulated apartments was highest. Although the results are similar in terms of absolute house price increases for both types of intervention variables, it cannot be concluded that the impacts found are statistically significant for all regions when using both types of interventions. Moreover, in absolute terms, the impact of rent deregulation is only a marginal increase in house prices at the time the deregulations are introduced.
Czech name
Quantifying the impact of rent deregulation on property prices
Czech description
The aim of the paper is to quantify the impact of rent deregulation on property prices. Using univariate time series models with an intervening variable – the ARIMAX model – the impact of rent price deregulation on property prices is estimated for fourteen regions of the Czech Republic. The analysis is performed on quarterly data covering the period 1999-2017. The variables capturing the intervention in the form of rent deregulation are of two types: the first covers the period between 2007-2008 and the second covers the period between 2006-2012. The results show that deregulation may have played a significant role in driving up house prices within regions where the number of deregulated apartments was highest. Although the results are similar in terms of absolute house price increases for both types of intervention variables, it cannot be concluded that the impacts found are statistically significant for all regions when using both types of interventions. Moreover, in absolute terms, the impact of rent deregulation is only a marginal increase in house prices at the time the deregulations are introduced.
Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the International Scientific Conference ECONOMIC AND SOCIAL POLICY
ISBN
9788087291290
ISSN
2571-1776
e-ISSN
2694-796X
Number of pages
12
Pages from-to
39-50
Publisher name
Vysoká škola PRIGO
Place of publication
Ostrava
Event location
Čeladná
Event date
Sep 7, 2021
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000836186000004