Urban and Rural Households Homeownership (A Case Study of Floods in Golastan Province)

Document Type : Research Paper

Authors

1 . Department of Theoretical Economics, Faculty of Economics, University of Allameh Tabataba’i University, Tehran, Iran.

2 Department of Theoretical Economics, Faculty of Economics, University of Allameh Tabataba’i University, Tehran, Iran.

10.22059/jte.2024.368371.1008871

Abstract

Floods are among the natural disasters that have occurred in recent years for various reasons, especially due to severe climate changes with different intensities and fluctuations around the world. They have caused changes in the housing market. Iran is also one of the countries that has always been exposed to various natural disasters due to its geographical location and can face challenges in the housing market as a result of these disasters. One of the most severe of these disasters was the 2019 flood in Golestan province, which caused significant economic damage to 14 cities and 437 villages in Golestan province. However, its economic impact, especially on the housing market, has been less studied due to reasons such as lack of data. Thus, the present study aims to explore the effect of the Golestan flood on probability of homeownership between 2018 and 2019. Therefore, initially, 381 household from Golestan and 418 household from Kurdistan and Kermanshah provinces were selected. Then, by defining a Dummy variable for flood, the effect of floods on probability of homeownership was estimated using Panel Probit method. The main results of this study indicate that the flood significantly reduces probability of homeownership by 0.028 units.

Keywords

References

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Journal of Economic Research (Tahghighat- E- Eghtesadi)
Volume 59, Issue 3
December 2024
Pages 495-525

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History

  • Receive Date: 19 November 2023
  • Revise Date: 14 August 2024
  • Accept Date: 28 December 2024

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