Acta academica karviniensia 2017, 17(3):57-69 | DOI: 10.25142/aak.2017.022
UNEMPLOYMENT AND ANALYSIS OF REAL ESTATE SUPPLY DURING THE 20'S AND 30'S IN CZECHOSLOVAKIA
- Vysoká škola báňská-Technická univerzita Ostrava, Ekonomická fakulta, Sokolská 33, 701 21 Ostrava, Email:david.slavata@vsb.cz
The paper explains the relationship between the unemployment and structure of supply of the real estate market during the 20's and 30 's of 20th century in Czechoslovakia. There are four segments of the real estate market investigated, such as rental, home ownership, farmhouse and residential buildings. Correlations between the unemployment and rental sector and the farmhouse sector were found out. A certain correlation was discovered even between the farmhouse sector and the residential building sector. In the paper, the reasons of this relationship in conditions of the Czechoslovak real estate market are presented.
Keywords: farmhouse sector, home ownership, housing market structure, rental housing, residential buildings, unemployment
JEL classification: A11, R15, R23
Received: February 28, 2017; Accepted: September 20, 2017; Published: September 30, 2017 Show citation
References
- ALBRIGHT, S. CH. and W. L. WINSTON, 2014. Business Analytics. USA: Cengage Learning. ISBN 9781133629603.
- BAAR, N., 1998. The Economics of Welfare State. Stanford: Stanford University Press. ISBN 80-7201-017-4.
- HUGHES, G. and B. MCCORMICK, 1991. Housing Markets, Unemployment and Labour Market Flexibility in the UK. European Economic Review. Vol. 31, pp.83 - 114.
- IOANNIDES, Y. M. and J. E. ZABEL, 2008. Interactions, Neighborhood Selec-tion, and Housing Demand. Journal of Urban Economics. Vol. 63, pp. 229-252.
Go to original source...
- JANASOVÁ, E., D. SLAVATA a J. ARDIELLI, 2014. Specifikace míry kapitalizace vybraného segmentu realitního trhu. Ostrava: VŠB-TU. ISBN 978-80-248-3670-6.
- MUNCH, R. J., M. ROSHOLM and M. SVARER, 2007. Home ownership, job duration, and wages. Journal of Urban Economics. Vol. 63, pp. 130-145.
Go to original source...
- OSWALD, A. J., 1999. The Housing Market and Europe's Unemployment: A Non - Technical Paper. Working Paper. Warwick: Working Paper Series.
- POLAKOVA, O., 2006. Bydlení a bytová politika. Praha: Ekopress, ISBN 80-86929-03-5.
- ROSEN, K. T. and L. B. SMITH, 1983. The price-adjustment process for rental housing and the natural vacancy rate. American Economic Review, Vol. 73, pp. 779-786.
- RAKOSNIK, J., 2008. Odvrácená tvář meziválečné prosperity. Nezaměstnanost v Československu v letech 1918 - 1938. Praha: UK v Praze, ISBN: 978-80-246-2817-2.
- SEKANINA, M., 2004. Kdy nám bylo nejhůře? Hospodářská krize 30. let 20. století v Československu. Praha: Libri, ISBN 80-7277-213-9.
- SIVITANIDES, S. P., W. C. WHEATON and G. R. TORTO, 2003. Real Estate Fundamentals and Asset Pricing. The Journal of Portfolio Managament. Special Issue, pp. 45 - 53.
Go to original source...
- WHEATON, W. C. and G. R. TORTO, 1988. Vacancy Rates and the Future of Office Rents. Real Esttae Economics, Vol 16, pp. 430 - 436.
Go to original source...
- SLAVATA, D. The Ownership Structure of Housing Market and Unemployment in Czech Republic. 2015 Public Economics and Administration: proceedings of the 11th international scientific conference : Ostrava, Czech Republic, 8th-9th September 2015, VŠB - Technical University of Ostrava, pp. 185-190, ISSN 1805-9104, ISBN 978-80-248-3839-7.