{"title":"Assessing the impact of recent Venezuelan immigration on housing rents in Colombia","authors":"Daniel Forero-Vargas, Victor Iturra","doi":"10.1080/17421772.2022.2036362","DOIUrl":null,"url":null,"abstract":"ABSTRACT The economic and social crisis faced by Venezuela since 2013 has led to a massive migration of its population to neighbouring countries, with Colombia being the nation that has been the most impacted. This paper estimates the impact of Venezuelan immigration on housing rents in Colombia’s main cities. Using a repeated cross-section data of Colombian households between 2013 and 2019, along with an instrumental variables approach, this study finds that a 1% increase in the proportion of Venezuelan immigrants to residents in the main cities in Colombia raises housing rents, on average, by about 1.25%.","PeriodicalId":47008,"journal":{"name":"Spatial Economic Analysis","volume":"17 1","pages":"520 - 537"},"PeriodicalIF":1.5000,"publicationDate":"2022-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Spatial Economic Analysis","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/17421772.2022.2036362","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 2
Abstract
ABSTRACT The economic and social crisis faced by Venezuela since 2013 has led to a massive migration of its population to neighbouring countries, with Colombia being the nation that has been the most impacted. This paper estimates the impact of Venezuelan immigration on housing rents in Colombia’s main cities. Using a repeated cross-section data of Colombian households between 2013 and 2019, along with an instrumental variables approach, this study finds that a 1% increase in the proportion of Venezuelan immigrants to residents in the main cities in Colombia raises housing rents, on average, by about 1.25%.
期刊介绍：
Spatial Economic Analysis is a pioneering economics journal dedicated to the development of theory and methods in spatial economics, published by two of the world"s leading learned societies in the analysis of spatial economics, the Regional Studies Association and the British and Irish Section of the Regional Science Association International. A spatial perspective has become increasingly relevant to our understanding of economic phenomena, both on the global scale and at the scale of cities and regions. The growth in international trade, the opening up of emerging markets, the restructuring of the world economy along regional lines, and overall strategic and political significance of globalization, have re-emphasised the importance of geographical analysis.
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