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The demand for housing in developing countries : the case of Korea (English)

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  • The demand for housing in developing countries : the case of Korea (English)
  • Renaud, Bernard; Follain, J.; Lim, G.
  • World Bank (WB)


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Title The demand for housing in developing countries : the case of Korea (English)
Similar Titles
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

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.