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      Living on a plot of land as a tenure choice: The case of Panama

      Koizumi, Naoru; McCann, Philip
      DOI
       10.1016/j.jhe.2006.10.001
      Link
       www.sciencedirect.com
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      Citation
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      Koizumi, N. & McCann, P. (2006). Living on a plot of land as a tenure choice: The case of Panama. Journal of Housing Economics, 15(4), 349-371.
      Permanent Research Commons link: https://hdl.handle.net/10289/1875
      Abstract
      In this paper, we use analyze data from a survey of over thirteen hundred household housing-tenures in Panama. Our objective is to identify the features which determine whether households in a developing country such as Panama choose to rent or to buy housing properties, or alternatively to seek somewhat alternative tenure arrangements. In particular, we investigate the common characteristic of Panamanian households undertaking plot purchases with a view to future building. In order to analyze these alternative tenure arrangements we develop a series of log-linear models, in which dichotomous rent-versus-buy models are extended to include the possibility of plot purchasing with a view to future building. The extended models including plot purchases are seen to be superior to the dichotomous rent-versus-buy model in identifying which household characteristics are associated with particular housing-tenure decisions.
      Date
      2006
      Type
      Journal Article
      Publisher
      Academic Press
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      • Management Papers [1125]
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