ISSN: 2226-3624
Open access
Instability of prices in the housing market is one of the problems that Iran has been faced with in recent years. It is in a way that in one period there has been a considerable increase in housing price and in another period reduction of prices or relatively high and comprehensive stability has been dominant on the housing price and thus considerable changes have been appeared in the housing sector and finally in the whole economy. the main research question is proposed in this way: what is the effect of financial debts on price stability in the supply of housing ? In this study, therefore, was to investigate the effects of financial debts on stability or instability of prices in the supply of housing. Effects of government budget deficit on price stability in the supply of housing were studied using VARX model, the related variables and data related to time period 1992-2012. The results showed that government budget deficit in short-term has no effect on house price fluctuations in Mazandaran province but it is effective in long-term. Shocks resulted from changes of housing price contain a major portion of house price fluctuations.
Karami, A. (2008). "Studying the status of housing market in Iran by emphasizing the government policies". Tadbire Eghtesad Research Institute
Abbasi Nejad, H and Yari, H. (2010). "Effect of oil shocks on housing price in Iran". Journal of Economic Researches, 9 (1), p 59-77
Beheshti, M.B and Mohseni Zonuri, F. (2011). Studying the housing market in monetary transfer mechanism. Journal of Economic Modeling Researches, 1, p 187-205
Sharifi Renani, H; Ghobadi, S; Amrolahi, F and Honarvar, N. (2012). "Studying the price channel of assets in effectiveness of monetary policy in Iran; Case study: housing price index. Journal of Economic Modeling Researches, 3, p 29-43
Abolghasemi Fakhri, A. (1999). Analysis and estimation of supply function of housing units in the time period 1967-1998 (Case study: Tabriz province). (Master's thesis, University of Isfahan)
Pourmohammadi, M. (2007). Housing planning. Tehran: SAMT
Khalili Araghi, M. (2001). Housing supply function in Iran, Journal of Economic Researches, 57, p 21-29
Shokuhi Nejad, E. (2003). Measuring the effect of banking facilities on urban housing supply. (Master's thesis, Ferdowsy University of Mashhad)
Shirkesh, M. (2011). Studying tax burden on the housing market in Iran (1990-2007). (Master's thesis, Shahid Ashrafi Isfahani Institute of Higher Education)
Seifoddini, F. (2007). Dictionary of urban and regional planning. Tehran: Aeej
Ghaderi, Eslamiyun et al. (2012). Studying the effective factors on housing investment in Iran. Economic Researches, 11, p 47-70
(Sameti et al., 2014)
Sameti, M., Darjan, N. E., & Kenary, S. S. (2014). Assessment of Government Budget Deficit and Financial and Monetary Policy on Supply of Housing in Iran (Case Study: Mazandaran Province). International Journal of Academic Research in Economics and Management Sciences, 3(3), 53–63.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode