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Publications [#355549] of Charles M. Becker

Journal Articles

  1. An, G; Becker, C; Cheng, E. "Housing price appreciation and economic integration in a transition economy: Evidence from Kazakhstan." Journal of Housing Economics 52 (June, 2021). [doi]
    (last updated on 2022/12/03)

    Abstract:
    This paper explores patterns of real estate price movements in an emerging upper-middle income economy, Kazakhstan. The country experienced an explosive, 11-fold increase in real housing prices in urban areas between 2000 and 2007, followed by a sharp decline and stabilization. This paper traces the movements across different regions, types of housing, unit size categories, and neighborhood types. We find that prices moved together closely, implying a linked, if not unified housing market, along with wealth effects that were felt broadly throughout the urban economy.


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