Urban house prices and investments in small and medium-sized industrial firms: Evidence from provinces of Iran

被引:9
作者
Gholipour, Hassan F. [1 ]
机构
[1] Swinburne Univ Technol, Hawthorn, Vic, Australia
关键词
house prices; industrial firms; Iran; SMEs; urban adults; DUTCH DISEASE; UNIT ROOTS; ENTREPRENEURSHIP; DETERMINANTS; INFERENCE; WEALTH;
D O I
10.1177/0042098019897887
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Using data from provinces of Iran from 2005 to 2016 and applying panel cointegrating regressions, I find that increases in real house prices have a negative and statistically significant effect on investments in small and medium-sized industrial firms. There are at least three possible mechanisms through which increases in house prices adversely affect industrial entrepreneurship. They (1) generate housing construction investment opportunities with high returns, (2) attract many urban adults with tertiary education to the real estate brokerage industry, and (3) encourage people to save more to buy houses (which is one of the prerequisites for marriage in Iran).
引用
收藏
页码:3347 / 3362
页数:16
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