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The demand for housing in developing countries : the case of Korea (English)
- The demand for housing in developing countries : the case of Korea (English)
- Renaud, Bernard; Follain, J.; Lim, G.
- World Bank (WB)
| Title |
The demand for housing in developing countries : the case of Korea (English)
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| Material Type | Articles |
| Author(English) |
Renaud, Bernard; Follain, J.; Lim, G. |
| Publisher |
World Bank (WB) |
| Date | 1980 |
| Language | English |
| File Type | Link |
| Subject | Social Development < Education |
| License |  |
Abstract
This paper presents the results of an analysis of urban housing demand for Korea taking into account the most recent findings of housing demand analysis concerning specification and aggregation biases. In order to obtain correctly specified demand functions... See More +, a procedure based on a model of the housing market originally proposed by Muth is used. This procedure permits the calculation of an individual price per unit of housing services for each household. The results show conclusively that both the income and price elasticity of the demand for housing services in Korea are comparable to those found in the United States.
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