Elias Oikarinen
Biographic Data
| ID | 6010570 |
|---|---|
| NAME | Elias Oikarinen |
| GIVEN NAMES | Elias |
| FAMILY NAME | Oikarinen |
| SIGNATURE | OIKARINEN E |
| AFFILIATIONS | University of Turku |
| ORCID | 0000-0003-4988-9130 |
| VERIFIED | Yes |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 7 |
| WORKS AS AUTHOR | 4 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2014 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 2 |
Advancing understanding of the linkages between local land policy interventions and the responsiveness of housing supply
Land policy interventions are important ways for municipalities to implement their spatial development objectives. Such interventions may, however, generate both intended and unintended effects to housing supply and its responsiveness. It is therefore essential to better understand how and through what kind of mechanisms local land policy interventions can influence the quantity of housing supply. This paper addresses these questions. First, we d…
U.S. metropolitan house price dynamics
Using data for 70 U.S. metropolitan areas, this study explores spatial heterogeneity in house price dynamics. We use recent advances in panel econometrics that allow for spatial heterogeneity, cross-sectional dependence, and non-stationary but cointegrated data. We test for spatial differences and analyze the relationship between the price elasticity of housing supply and the income elasticity of prices, as well as bubble size and duration. The l…
Differences in housing price dynamics across cities
This study compares a conventionally used panel data model – that does not allow for regional variations in housing price dynamics – with panel models that let the dynamics differ across regions. We concentrate on examining the momentum dynamics and the reversion speed towards the fundamental price level. Based on data over 1988–2012, the results indicate that the regional differences are generally quite small in the Finnish market. Nevertheless,…
Is Urban Land Price Adjustment More Sluggish than Housing Price Adjustment? Empirical Evidence
This article hypothesises that, due to factors such as thin trading and lack of publicly available data on transactions in the land market, urban land prices react more sluggishly to shocks in market fundamentals than housing prices do. Based on a vector error-correction model utilising quarterly data for the Helsinki Metropolitan Area in Finland over 1988Q1–2008Q2, the empirical analysis provides support for this hypothesis. In particular, the r…
U.S. metropolitan house price dynamics
Using data for 70 U.S. metropolitan areas, this study explores spatial heterogeneity in house price dynamics. We use recent advances in panel econometrics that allow for spatial heterogeneity, cross-sectional dependence, and non-stationary but cointegrated data. We test for spatial differences and analyze the relationship between the price elasticity of housing supply and the income elasticity of prices, as well as bubble size and duration. The l…
Advancing understanding of the linkages between local land policy interventions and the responsiveness of housing supply
Land policy interventions are important ways for municipalities to implement their spatial development objectives. Such interventions may, however, generate both intended and unintended effects to housing supply and its responsiveness. It is therefore essential to better understand how and through what kind of mechanisms local land policy interventions can influence the quantity of housing supply. This paper addresses these questions. First, we d…
Differences in housing price dynamics across cities
This study compares a conventionally used panel data model – that does not allow for regional variations in housing price dynamics – with panel models that let the dynamics differ across regions. We concentrate on examining the momentum dynamics and the reversion speed towards the fundamental price level. Based on data over 1988–2012, the results indicate that the regional differences are generally quite small in the Finnish market. Nevertheless,…
Is Urban Land Price Adjustment More Sluggish than Housing Price Adjustment? Empirical Evidence
This article hypothesises that, due to factors such as thin trading and lack of publicly available data on transactions in the land market, urban land prices react more sluggishly to shocks in market fundamentals than housing prices do. Based on a vector error-correction model utilising quarterly data for the Helsinki Metropolitan Area in Finland over 1988Q1–2008Q2, the empirical analysis provides support for this hypothesis. In particular, the r…
Is Urban Land Price Adjustment More Sluggish than Housing Price Adjustment? Empirical Evidence
This article hypothesises that, due to factors such as thin trading and lack of publicly available data on transactions in the land market, urban land prices react more sluggishly to shocks in market fundamentals than housing prices do. Based on a vector error-correction model utilising quarterly data for the Helsinki Metropolitan Area in Finland over 1988Q1–2008Q2, the empirical analysis provides support for this hypothesis. In particular, the r…
Differences in housing price dynamics across cities
This study compares a conventionally used panel data model – that does not allow for regional variations in housing price dynamics – with panel models that let the dynamics differ across regions. We concentrate on examining the momentum dynamics and the reversion speed towards the fundamental price level. Based on data over 1988–2012, the results indicate that the regional differences are generally quite small in the Finnish market. Nevertheless,…
U.S. metropolitan house price dynamics
Using data for 70 U.S. metropolitan areas, this study explores spatial heterogeneity in house price dynamics. We use recent advances in panel econometrics that allow for spatial heterogeneity, cross-sectional dependence, and non-stationary but cointegrated data. We test for spatial differences and analyze the relationship between the price elasticity of housing supply and the income elasticity of prices, as well as bubble size and duration. The l…
Advancing understanding of the linkages between local land policy interventions and the responsiveness of housing supply
Land policy interventions are important ways for municipalities to implement their spatial development objectives. Such interventions may, however, generate both intended and unintended effects to housing supply and its responsiveness. It is therefore essential to better understand how and through what kind of mechanisms local land policy interventions can influence the quantity of housing supply. This paper addresses these questions. First, we d…
Economics (4 works) · Housing Market and Economics (4 works) · Econometrics (3 works) · Geography (3 works) · Spatial and Panel Data Analysis (3 works) · Demographic economics (2 works) · demographic modeling and climate adaptation (2 works) · Financial economics (2 works) · Mean reversion (2 works) · Metropolitan area (2 works)