CEU Electronic Theses and Dissertations, 2010
| Author | Islentiev, Oleg |
|---|---|
| Title | Relationship Between Housing Prices and Income in the Republic of Moldova |
| Summary | In my thesis I will focus on the important issues of the real estate market in the Republic of Moldova, which comprises about 40% of the country’s GDP. This market is quiet important and one of the most difficult to analyze, because of its extreme specificity. I will analyze the relationship between price of real estate and income in Chisinau, Moldova and how it is related to the permanent income hypothesis. I will use the repeated cross sectional data for years 2003 and 2007. The results of the estimation show positive relationship between income and price, slightly higher than expected with the detailed explanation of possible reasons and confirmation of the fitness in permanent income hypothesis. Also, there will be provided suggestions for further research in this field, which is severely underdeveloped in Moldova. |
| Supervisor | László Mátyás |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2010/islentiev_oleg.pdf |
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