Determinants of the use of mortgage credit by Bogota homes
Mortgage credit is recognized in Colombia as one of the most used tools to obtain homeownership. This research identifies the main determinants of mortgage credit and estimates the influence of factors such as education, income and employment in the probability of making effective use of such credit...
- Autores:
-
Camelo Rincón, Milton Samuel
Amaya Cárdenas ,Jonny Steven
Parra Guzmán, John Fredy
- Tipo de recurso:
- Fecha de publicación:
- 2018
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/15350
- Acceso en línea:
- http://hdl.handle.net/10784/15350
- Palabra clave:
- D14
H31
G21
Mortgage Credit
Financing
Logit Model
Crédito hipotecario
Financiamiento
Modelo Logit
- Rights
- License
- Acceso abierto
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| dc.title.eng.fl_str_mv |
Determinants of the use of mortgage credit by Bogota homes |
| dc.title.spa.fl_str_mv |
Determinantes del uso del crédito de vivienda por parte de los hogares bogotanos |
| title |
Determinants of the use of mortgage credit by Bogota homes |
| spellingShingle |
Determinants of the use of mortgage credit by Bogota homes D14 H31 G21 Mortgage Credit Financing Logit Model Crédito hipotecario Financiamiento Modelo Logit |
| title_short |
Determinants of the use of mortgage credit by Bogota homes |
| title_full |
Determinants of the use of mortgage credit by Bogota homes |
| title_fullStr |
Determinants of the use of mortgage credit by Bogota homes |
| title_full_unstemmed |
Determinants of the use of mortgage credit by Bogota homes |
| title_sort |
Determinants of the use of mortgage credit by Bogota homes |
| dc.creator.fl_str_mv |
Camelo Rincón, Milton Samuel Amaya Cárdenas ,Jonny Steven Parra Guzmán, John Fredy |
| dc.contributor.author.spa.fl_str_mv |
Camelo Rincón, Milton Samuel Amaya Cárdenas ,Jonny Steven Parra Guzmán, John Fredy |
| dc.contributor.affiliation.spa.fl_str_mv |
Universidad de la Salle |
| dc.subject.none.fl_str_mv |
D14 H31 G21 |
| topic |
D14 H31 G21 Mortgage Credit Financing Logit Model Crédito hipotecario Financiamiento Modelo Logit |
| dc.subject.keyword.eng.fl_str_mv |
Mortgage Credit Financing Logit Model |
| dc.subject.keyword.spa.fl_str_mv |
Crédito hipotecario Financiamiento Modelo Logit |
| description |
Mortgage credit is recognized in Colombia as one of the most used tools to obtain homeownership. This research identifies the main determinants of mortgage credit and estimates the influence of factors such as education, income and employment in the probability of making effective use of such credit by households in Bogota. In order to aim that purpose, this paper makes a description of regulatory framework for access to housing and the financial conditions established by major banks. Subsequently, and bases on the data gathered by the multipurpose survey made in 2014 for Bogota, a Logit model was estimated to establish the probability of use of credit for the purchase of housing. The results suggest that age, income and job stability influence the decision to use mortgage credit, however, the most important factor is given by the level of education. |
| publishDate |
2018 |
| dc.date.issued.none.fl_str_mv |
2018-06-27 |
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2019-12-12T19:33:54Z |
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2019-12-12T19:33:54Z |
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2018-06-27 |
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article info:eu-repo/semantics/article publishedVersion info:eu-repo/semantics/publishedVersion |
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Artículo |
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2462-8107 1657-4206 |
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http://hdl.handle.net/10784/15350 |
| dc.identifier.doi.none.fl_str_mv |
10.17230/ecos.2018.47.2 |
| identifier_str_mv |
2462-8107 1657-4206 10.17230/ecos.2018.47.2 |
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http://hdl.handle.net/10784/15350 |
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spa |
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spa |
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Ecos de Economía, Vol 22, No 47 (2018) |
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http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/5773/4528 |
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http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/5773/4528 |
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http://purl.org/coar/access_right/c_abf2 |
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Acceso abierto |
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Acceso abierto http://purl.org/coar/access_right/c_abf2 |
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application/pdf |
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Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees |
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Universidad EAFIT |
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instname:Universidad EAFIT reponame:Repositorio Institucional Universidad EAFIT |
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Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2018-06-272019-12-12T19:33:54Z2018-06-272019-12-12T19:33:54Z2462-81071657-4206http://hdl.handle.net/10784/1535010.17230/ecos.2018.47.2Mortgage credit is recognized in Colombia as one of the most used tools to obtain homeownership. This research identifies the main determinants of mortgage credit and estimates the influence of factors such as education, income and employment in the probability of making effective use of such credit by households in Bogota. In order to aim that purpose, this paper makes a description of regulatory framework for access to housing and the financial conditions established by major banks. Subsequently, and bases on the data gathered by the multipurpose survey made in 2014 for Bogota, a Logit model was estimated to establish the probability of use of credit for the purchase of housing. The results suggest that age, income and job stability influence the decision to use mortgage credit, however, the most important factor is given by the level of education.El crédito hipotecario es reconocido en Colombia como una de las herramientas más utilizadas para obtener vivienda propia. Esta investigación identifica los principales determinantes del crédito hipotecario, y estima la influencia de factores como la educación, el ingreso y el empleo en la probabilidad de hacer uso efectivo de tal crédito por parte de los hogares bogotanos. Con tal propósito, se realiza una descripción del marco normativo del acceso a la vivienda y las condiciones de financiación establecidas por las principales entidades bancarias. Posteriormente, y con base en los datos recolectados por la encuesta multipropósito, realizada en 2014, para Bogotá, se estima un modelo Logit para establecer la probabilidad de uso del crédito para la compra de vivienda. Los resultados sugieren que la edad, el ingreso y la estabilidad laboral influyen significativamente sobre la decisión de uso de crédito; sin embargo, el factor más importante está dado por el nivel de educaciónapplication/pdfspaUniversidad EAFITEcos de Economía, Vol 22, No 47 (2018)http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/5773/4528http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/5773/4528Copyright (c) 2018 Milton Samuel Camelo Rincón, Jonny Steven Amaya Cárdenas, John Fredy Parra GuzmánAcceso abiertohttp://purl.org/coar/access_right/c_abf2instname:Universidad EAFITreponame:Repositorio Institucional Universidad EAFITEcos de Economía, Vol 22, No 47 (2018)D14H31G21Mortgage CreditFinancingLogit ModelCrédito hipotecarioFinanciamientoModelo LogitDeterminants of the use of mortgage credit by Bogota homesDeterminantes del uso del crédito de vivienda por parte de los hogares bogotanosarticleinfo:eu-repo/semantics/articlepublishedVersioninfo:eu-repo/semantics/publishedVersionArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Camelo Rincón, Milton Samuel8306f548-af4d-4449-b30a-68588af2b22f-1Amaya Cárdenas ,Jonny Steven8fd9e6d0-c600-4858-a6c6-73082819f3c6-1Parra Guzmán, John Fredyac6f5fb1-5350-4651-bee5-57827239c193-1Universidad de la SalleEcos de Economia: A Latin American journal of applied economics22473857Ecos de EconomíaORIGINALdocument (50).pdfdocument (50).pdfTexto completo PDFapplication/pdf912592https://repository.eafit.edu.co/bitstreams/f874d73c-d95a-4a6d-ac63-4ea0882d26e5/download2b2e2c4cae67ee2be1715e940eea08c7MD51articulo.htmlarticulo.htmlTexto completo HTMLtext/html377https://repository.eafit.edu.co/bitstreams/afe5d0db-1ee6-475e-9afa-e9ea1b8a52f9/download871283c68b753188393524bf218ed2e9MD53THUMBNAILminaitura-ecos_Mesa de trabajo 1.jpgminaitura-ecos_Mesa de trabajo 1.jpgimage/jpeg251248https://repository.eafit.edu.co/bitstreams/980c8b83-3edc-4786-a80c-277b477bad2f/download9b15d674b076c1793a0bc25cebb1bcefMD5210784/15350oai:repository.eafit.edu.co:10784/153502024-12-04 11:47:02.657open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co |