House Program Economic Change Essay
|Topic||House Program Economic Change Essay|
Preliminary Analysis – Statistics
The goal is to investigate the impact of the changes in the First Home Program in Romania on the price and quantity in the real estate market. The empirical strategy is based on a macro approach that exploits the variation at the country-year level. This approach will exploit time-series variations in the expansion of the First Home Program. The period of analysis ***) coincides with the Main Research Question: What is the impact of the 2015 change in the First Home Program on the price and housing in Romania?
Romania experiencing a downward trend in the housing prices as well as a significant reduction in the number of newly built homes and real estate transactions, thus the main empirical challenge is to separately identify the effect of housing policy change from the existing trends going on.
The 2015 change meant that first home buyers are allowed to buy a second home with this program, with the condition to sell the first one. (more research needed on this)
So it the description it looks like the introduction should include the Literature Review, methodology, and Preliminary analysis. However, the paper should have 4 parts independently: introduction, discussion of literature review, Methodology, and Preliminary analysis