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Conference Paper: The Effects of Political Uncertainty and Housing Tenure Choice
| Title | The Effects of Political Uncertainty and Housing Tenure Choice |
|---|---|
| Authors | |
| Issue Date | 2019 |
| Citation | Pacific Rim Real Estate Society (PRRES) 25th Annual Conference, Melbourne, Australia, 14-16 January 2019 How to Cite? |
| Abstract | This study has examined the impacts of some social, political and economic factors that in theory should affect housing tenure choice but have limited empirical evidence so far. To test the impacts of these factors, three sets of Hong Kong Census and By-Census cross sectional data over the period from 1991 to 2001 were used to estimate Binary Logit Models. It is found that the positive income effect on home-ownership propensity found in previous studies can be reversed by political risk. There is strong evidence which suggests that household income has negative impact on home-ownership propensity during periods with high political uncertainty. This finding is robust across different methods of controlling the effects of other factors that affect housing tenure choice using restricted sub-samples. |
| Description | Tenure Session |
| Persistent Identifier | http://hdl.handle.net/10722/273247 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Liang, J | - |
| dc.contributor.author | Chau, KW | - |
| dc.date.accessioned | 2019-08-06T09:25:17Z | - |
| dc.date.available | 2019-08-06T09:25:17Z | - |
| dc.date.issued | 2019 | - |
| dc.identifier.citation | Pacific Rim Real Estate Society (PRRES) 25th Annual Conference, Melbourne, Australia, 14-16 January 2019 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/273247 | - |
| dc.description | Tenure Session | - |
| dc.description.abstract | This study has examined the impacts of some social, political and economic factors that in theory should affect housing tenure choice but have limited empirical evidence so far. To test the impacts of these factors, three sets of Hong Kong Census and By-Census cross sectional data over the period from 1991 to 2001 were used to estimate Binary Logit Models. It is found that the positive income effect on home-ownership propensity found in previous studies can be reversed by political risk. There is strong evidence which suggests that household income has negative impact on home-ownership propensity during periods with high political uncertainty. This finding is robust across different methods of controlling the effects of other factors that affect housing tenure choice using restricted sub-samples. | - |
| dc.language | eng | - |
| dc.relation.ispartof | Pacific Rim Real Estate Society 25th Annual Conference, 2019 | - |
| dc.title | The Effects of Political Uncertainty and Housing Tenure Choice | - |
| dc.type | Conference_Paper | - |
| dc.identifier.email | Liang, J: joliang@hku.hk | - |
| dc.identifier.email | Chau, KW: hrrbckw@hku.hk | - |
| dc.identifier.authority | Chau, KW=rp00993 | - |
| dc.identifier.hkuros | 300862 | - |