Quotation Carmona, Juan, Lampe, Markus, Rosés, Joan. 2012. Housing Markets during the Rural-Urban Transition: Evidence from early 20th Century Spain. Universidad Carlos III Working Papers in Economic History 2012-10.


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Abstract

This paper discusses how Spain’s urban housing markets reacted to the far- reaching changes that affected the demand for dwellings during the first phase of the rural-urban transition process. To this end, we construct a new hedonic index of real housing prices and assemble a cross-regional panel dataset of price fundamentals. The results of our econometric analysis suggest that urban housing markets did not face supply constraints and responded swiftly to the growing demand for accommodation. In light of this new evidence, we conclude that housing markets were not a burden for Spanish economic development and that Spain’s urban infrastructure and institutional framework and were suitable for the housing needs at the time

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Working/discussion paper, preprint
Language English
Title Housing Markets during the Rural-Urban Transition: Evidence from early 20th Century Spain.
Title of whole publication Universidad Carlos III Working Papers in Economic History 2012-10
Year 2012
URL http://e-archivo.uc3m.es/bitstream/handle/10016/15833/wp%2012-10.pdf?sequence=1
JEL N93; N94; R30

Associations

People
Lampe, Markus (Details)
External
Carmona, Juan (Universidad Carlos III de Madrid, Spain)
Rosés, Joan (London School of Economics and Political Science, United Kingdom)
Organization
Institute for Economic and Social History IN (Details)
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