英文摘要 |
There is no lack of studies on housing demand using Taiwanese data. Most studies, however, focus on housing expenditure and tenure choice. Less attention has been paid to the analysis of the demand for housing space. Furthermore, most existing studies tend to be based on conditional mean regressions while conditional distribution investigations are fairly limited. This study employs household survey micro data to discuss the housing space demand behavior of Taiwanese households over the period from 1985 to 2005. By accounting for income and price endogeneities and tenure choice selectivity, the regression results suggest that per capita housing space demand is significantly determined by income, the housing price, household size and location attributes. The marginal effects of the covariates estimated from the quantile regression demonstrate the existence of heterogeneities across the conditional distribution as well as the process of economic development. By applying quantile regression to the demand for housing space, this study provides complementary evidence on the housing demand literature and derives insightful policy suggestions. |