Table 11 Housing prices and immigration—MS-regions from 2001–2006: OLS and IV regressions.
From: How does immigration affect housing costs in Switzerland?
OLS regressions | IV regressions | |||||||
|---|---|---|---|---|---|---|---|---|
Dep. var.: | \(\Delta \, \text {ln} \, HP_{it}\) | \(\Delta \, \text {ln} \, AP_{it}\) | \(\Delta \, \text {ln} \, HP_{it}\) | \(\Delta \, \text {ln} \, AP_{it}\) | ||||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
\(\frac{\Delta I_{it}}{Pop_{it-1}}\) | 1.821\(^{***}\) | 2.091\(^{***}\) | 2.002\(^{***}\) | 2.086\(^{***}\) | 7.493\(^{***}\) | 7.804\(^{***}\) | 6.288\(^{**}\) | 5.982\(^{***}\) |
[0.000] | [0.000] | [0.000] | [0.000] | [0.006] | [0.004] | [0.014] | [0.004] | |
\(\Delta \, u_{it-1}\) | 0.228 | 0.357 | 0.649 | 0.738 | − 0.355 | − 0.163 | 0.208 | 0.384 |
[0.598] | [0.376] | [0.257] | [0.157] | [0.395] | [0.724] | [0.710] | [0.465] | |
Year FE | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Maj. reg. FE | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
\(Obs\) | 510 | 636 | 510 | 636 | 510 | 636 | 510 | 636 |
\(R^{2}\) | 0.566 | 0.532 | 0.496 | 0.489 | 0.340 | 0.277 | 0.358 | 0.353 |
K− P F-stat | 12.89 | 14.35 | 12.89 | 14.35 | ||||
Regions | 85 MS | 106 MS | 85 MS | 106 MS | 85 MS | 106 MS | 85 MS | 106 MS |