Quantifying the impact of rent deregulation on property prices

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

čeština

Název v původním jazyce

Quantifying the impact of rent deregulation on property prices

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Quantifying the impact of rent deregulation on property prices

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the International Scientific Conference ECONOMIC AND SOCIAL POLICY

ISBN

9788087291290

ISSN

2571-1776

e-ISSN

2694-796X

Počet stran výsledku

12

Strana od-do

39-50

Název nakladatele

Vysoká škola PRIGO

Místo vydání

Ostrava

Místo konání akce

Čeladná

Datum konání akce

7. 9. 2021

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000836186000004