1. bookVolume 54 (2017): Issue 2 (December 2017)
Journal Details
License
Format
Journal
First Published
17 Aug 2013
Publication timeframe
2 times per year
Languages
English
access type Open Access

A Multidimensional Analysis of Socioeconomic Factors in Housing Policy in the Eurozone Countries (2010–2014)

Published Online: 13 Dec 2017
Page range: 203 - 221
Journal Details
License
Format
Journal
First Published
17 Aug 2013
Publication timeframe
2 times per year
Languages
English

The latest global economic and financial crisis has had adverse social consequences in many areas, including income and the social situation of households and their living conditions, especially when the housing phenomenon is addressed. The reality of this uncertainty has made the study of the housing phenomenon even more relevant, in particular from the perspective of an analysis of its evolution. In this context, we revisit EUROSTAT’s databases. This analysis was done for twelve Euro Area countries over five years, using the HJ-BIPLOT method developed by Galindo (1986). This multidimensional approach identified and represented twelve Eurozone sample countries in latent constructs of reduced dimensionality related to the housing policy problem. The simultaneous factorial representation identified (a) the most relevant variables to characterize these countries, (b) their trajectories during the period in analysis, and (c) the relations between variables, between countries, and between variables and countries. This approach also identified the most significant factors contributing to the countries' performance. This methodological approach can be useful in housing research, when studying data of a multivariate nature, and is also, by its visual interpretation, a potential tool for producing richer information not only for academia but also for policy makers.

Keywords

Andrews D., A. Caldera Sánchez, A. Johansson (2011): Housing Markets and Structural Policies in OECD Countries, OECD Economics Department Working Papers, No. 836, OECD Publishing. Search in Google Scholar

Arestis Philip, González Ana Rosa (2013): Modelling the Housing Market in OECD Countries, Levy Economics Institute of Bard College, Working Paper No. 764, May.Search in Google Scholar

Dewilde C., De Decker (2016): Changing Inequalities in Housing Outcomes across Western Europe, Housing, Theory and Society, Vol. 33, Issue 2, pp.121-161.Search in Google Scholar

Dewilde Caroline (2015): Housing Regimes and Housing Outcomes in Europe, HOWCOME Working Paper Series, No. 10.Search in Google Scholar

EUROSTAT (2014): Living conditions in Europe, The Eurostat Statistical books, Publications Office of the European Union, Luxembourg.Search in Google Scholar

EUROSTAT (2015): http://ec.europa.eu/eurostat/data/databaseSearch in Google Scholar

Gabriel K.R. (1971): The BIPLOT display of matrices with application to principal components analysis. Biometrika, 58: 453-467.10.1093/biomet/58.3.453Open DOISearch in Google Scholar

Gabriel K.R. (1981): Biplot display of multivariate matrices for inspection of data and diagnosis. in Interpreting Multivariate Data (ed. V. Barnett), pp. 147-173. New York: WileySearch in Google Scholar

Galindo M.P. (1986): Una alternativa de representación simultánea: HJ-BIPLOT. Questíio, 10 (1): 13-23.Search in Google Scholar

Haffner Marietta, Heylen Kristof (2011): User Costs and Housing Expenses. Towards a more Comprehensive Approach to Affordability. Housing Studies, Vol. 26, No. 4, pp. 593-614.10.1080/02673037.2011.559754Open DOISearch in Google Scholar

Martin Ron (2011): The local geographies of the financial crisis: from housing bubble to economic recession and beyond. Journal of Economic Geography, 11: 587-618.10.1093/jeg/lbq024Open DOISearch in Google Scholar

Newman S.J., Basgal O., Nightingale D.S. (2000): Welfare Reform: Should Housing Have a Role? In Journal of Housing and Community Development. Vol. 57; Issue 1; Jan/Feb, pp. 15-24.Search in Google Scholar

Santos António Duarte (2014): As políticas públicas de habitação em Portugal: avaliação longitudinal da promoção imobiliária, Tese de Doutoramento em Economia, Universidade Autónoma de Lisboa.Search in Google Scholar

Ward J.H. (1963): Hierarchical grouping to optimize an objective function, Journal of the American Statistical Association, 58, 236-244.Search in Google Scholar

Villardón J.L. (2015): MULTBIPLOT: A package for Multivariate Analysis using Biplots. Departamento de Estadística. Universidad de Salamanca. http://biplot.usal.es/ClassicalBiplot/index.htmlSearch in Google Scholar

Recommended articles from Trend MD

Plan your remote conference with Sciendo