Does credit rationing affect residential
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Yoon Dokko; Robert H. Edelstein; E. Scott Urdang
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Article
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1990
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Springer US
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English
⚖ 856 KB
This paper develops an empirical model to examine the impacts of credit rationing on residential investment for the 1960-1984 period. Our statistical results strongly support the position that noninterest rate variables affect mortgage activity and housing construction. Though we find a structural c