Investment in housing in the Slovak Republic
Economic Annals-ХХI: Volume 154, Issue 9-10, Pages: 45-47
Citation information:
Vidova, J. (2015). Investment in housing in the Slovak Republic. Economic Annals-XXI, 9-10, 45-47. https://ea21journal.world/index.php/ea-v154-10/
Jarmila Vidova
PhD (Economics),
University of Economics in Bratislava
1 Dolnozemska cesta, Bratislava, 852 35, Slovak Republic
vidova@dec.euba.sk
Investment in housing in the Slovak Republic
Abstract. Socio-economic task of housing after the performance of its basic function is to create conditions for the development of human potential, creative abilities and social activities of man. Housing is implemented in a residential environment that has a social component (social groups and relations between them), material (apartments and special equipment infrastructure) and the nature. From a sociological point of view, living also means living in a particular community, having a sense of belonging, confidence and safety. Housing can be seen as an evolving social process that has its own laws. It is a vast and varied set of basic and higher personal and social, spiritual and changing needs. Housing needs are constantly evolving and they are interrelated with global development, because the process of satisfying the needs of housing is conditioned by socio-economic development, on which feeds back and applies to all people and the whole area. Each country uses its own housing policy to address the problems related to housing, which are extended from social and historical conditions. Historical attitudes toward addressing housing issues have changed many times. This has also influenced the development of social theory, which was not easy because the development of each country is affected by social change, world wars, economic crises. In this scientific paper based on econometric modelling we analyse the relationships between selected indicators.
Keywords: Housing; Housing Policy; Economic Development; Quality of Life
JEL Classification: D11; D12
References
- Barr, N. A. (1993). The Economics of the Welfare State. NY: Oxford University Press.
- Greiber, C. & Setzer, R. (2007). Money and Housing – Evidence for the Euro Area and the US. Deutsche Bundesbank Discussion Paper, Series 1: Economic Studies, 12.
- Labaj, J. (1993). Apartments, housing and housing policy in market economy. Bratislava: Elita (in Slovak).
- Meltzer, A. (1995). Monetary, credit and (other) transmission processes: A monetarist perspective. Journal of Economic Perspectives, 9, 49-72.
- Modigliani, F., & Brumberg, R. H. (1954). Utility analysis and the consumption function: an interpretation of cross-section data. In Kenneth K. Kurihara, ed., Post-Keynesian Economics. New Brunswick, NJ: Rutgers University Press.
- Nelson, E. (2003). The future of monetary aggregates in monetary policy analysis. Journal of Monetary Economics, 50, 1029-1099.
- Ortalo-Magne, F. & Rady, S. (2002). Home Ownership: Volatile Housing Prices, Low Labour Mobility and High Income Dispersion. National Bureau of Economic Research.
- Shiller, R. (2013). Housing is appalling investment.
Retrieved from http://openiazoch.zoznam.sk/cl/139385/Shiller - Vidova, J. (2011). Socio-economic aspects of quality of living and quality of life. The New Economy: Scientific Journal of National University of Economics in Bratislava, 4(1), 60-72. (in Slovak).
- IUT (2006). The European Charter for Housing.
Retrieved from http://www.iut.nu/ EU/Housing%20Charter/HousingCharterENG_040406.pdf - ECB (2013). Household Finance and Consumption Survey.
Retrieved from http://www.ecb.europa.eu/home/pdf/research/HFCS_Statistical_Tables_Wave1.pdf?93617b19d03b9491c9e7adde682e7688 - Statistical Office of the Slovak Republic. (2013). Statistical Yearbook on Construction. Bratislava: Statistical Office of the Slovak Republic (in Slovak).
- Statistical Office of the Slovak Republic. (2011). Amount of population and housing censuses. Bratislava: Statistical Office of the Slovak Republic (in Slovak).
Received 20.09.2015