(Luận Văn) Determinants Of Homeownership In Vietnam

INSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDS UNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAM ng ep hi w VIETNAM- NETHERLANDS PROGRAMME FORMA IN DEVELOPMENT ECONOMICS n ad lo y th yi ju pl Determinants of Homeownership in Vietnam n ua al A thesis submitted in partial fulfilment of the requirements for the degree of va n MASTER OF ARTS IN DEVELOPMENT ECONOMICS ll fu tz a nh oi m By z k jm ht vb NGUYEN NGOC TUAN gm BO GIAO DUC £lAO T~O " TRUONG £l~l HQC KINH TE TP.HCM m co l an Lu THUVItN ~ 31'1 n va y te re HO CHI MINH CITY, DECEMBER 2009 INSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDS UNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAM ng ep hi VIETNAM - NETHERLANDS PROGRAMME FORMA IN DEVELOPMENT ECONOMICS w n ad lo y th yi ju Determinants of Homeownership in Vietnam pl n ua al A thesis submitted in partial fulfilment of the requirements for the degree of MASTER OF ARTS IN DEVELOPMENT ECONOMICS n va ll fu tz a nh oi m z Academic Supervisor: DR HA THUC VIEN vb j ht Student: NGUYEN NGOC TUAN m k om l.c gm n a Lu n va y te re HO CHI MINH CITY, DECEMBER 2009 t ACKNOWLEDGEMENTS ng First of all, I would like to thank Dr Ha Thuc Vien, my supervisor, for his ep hi valuable comments and assistance Without his support and encouragement, my thesis would not be finished w I also thank to my classmate Mr Nguyen Thanh Danh who advised me c:in data n ad lo processing for the thesis y th I would like to special thank Assoc Prof Dr Nguyen Trong Hoai who has often yi ju urged and encouraged me to complete my thesis pl Supports from Vietnam-Netherlands Programme for MA m Development n ua al Economics' staff and classmates are fully acknowledged va My heartfelt gratitude also goes to my family, particularly my wife and children n who are my love and motivation during the studying time ll fu tz NGUYEN NGOC TUAN a nh oi m HCMC, Winter 2009 z j ht vb m k om l.c gm n a Lu n va y te re t DECLARATION I declare that "Determinants of Homeownership in Vietnam" is my own work, that it has not been submitted to any degree or examination at any other universities, and ng that all the sources used or quoted are indicated and acknowledged by complete ep hi references HCMC, December 2009 w n ad lo NGUYEN NGOC TUAN y th yi ju pl n ua al n va ll fu tz a nh oi m z j ht vb m k om l.c gm n a Lu n va y te re t II ABSTRACT Homeownership is considered as one of most essential needs for people living in ng the country It reflects the quality of life through the dwelling condition The percentage ep hi of households that own private houses is increasing year to year Furthennore, Vietnam is a developing country that is targeting to a market-oriented economy This has created w many opportunities for improving its whole economy and society Consequently, the n ad lo probability ofhomeownership is improved, as well However, the rate of poor households is still rather high in Vietnam This may leads to many difficulties in obtaining y th satisfaction from homeownership Therefore, this study is to examine determinants of ju yi homeownership of households in Vietnam on the basic of descriptive statistics and pl econometrics It is found that the household characteristics such as income, the number of al n ua members and assets of the household are statistically significant effect on the probability of homeownership Also, age and gender of the household heads are found to be va n significantly correlated its homeownership However, marital status and education fu ll attainment of the head are insignificant Other dete1minants are social-economic m characteristics such as credit assistant program, immigration and employment The result a nh oi is that, immigration and employment have significant effects on homeownership tz probability, excluding credit assistant programs z k jm ht vb gm m co l an Lu n va y te re t Ill (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam TABLE OF CONTENTS PAGE ACKNOWLEDGEMENT i ng ep hi DECLARATION ii ABSTRACT iii TABLE OF CONTENTS iv w n lo LIST F TABLES vi ad LIST OF FIGURES vi y th LIST OF BOXES • vi ju yi ABBREVIATIONS AND GLOSSARIES vii pl CHAPTER 1: INTRODUCTION n ua al 1.1 Problem statement n va 1.2 Objective of study ll fu 1.3 Research questions m a nh oi 1.4 Research methodology and scope of research 1.5 Structure ofthesis tz CHAPTER II: LITERATURE REVIEW z vb 2.1 Theoretical literature j ht m 2.1.1 Basic terms and concepts k gm 2.1.2 Assessment of economic theoretical approaches om l.c 2.2 Empirical studies 16 CHAPTER III: RESEARCH METHODOLOGY 21 a Lu n 3.1 Analytical framework 21 n va 3.1.1 Qualitative choice models for durable goods 21 y te re 1.2 Methods of homeownership research 22 t IV (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam 3.1.3 Major determinants ofhomeownership 24 3.2 Research method 29 3.2.1 Justification of models 29 ng ep hi 3.2.2 Econometric model specification 30 CHAPTER IV: AN OVERVIEW OF HOMEOWNERSHIP AND HOUSING w SECTOR IN VIETNAM 35 n ad lo 4.1 An overview ofhomeownership in Vietnam 35 y th 4.2 Changing in housing policies 39 ju 4.3 Challenges ofhomeownership in the new economy .41 yi pl 4.4 Housing demand in Vietnam: An example from Hanoi and Ho Chi Minh City 43 n ua al CHAPTER V: ECONOMETRIC ANALYSIS AND RESULTS 47 va 5.1 Data set 47 n fu 5.2 Logistic model ofhomeownership 49 ll m a nh oi 5.3 Logistic regression results 50 5.4 Measurement of goodness-of-fit 52 tz z 5.5 Result interpretation 53 vb j ht 5.6 Summary 56 m CHAPTER VI: CONCLUSIONS AND POLICY IMPLICATIONS S8 k gm 6.1 Conclusions 58 om l.c 6.2 Policy implications , 59 REFERENCES 60 a Lu n APPENDIX 65 n va y te re t v (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam 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(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam 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Environment and Planning A 2004 36, p 579 -600 The y th Saigon Times Daily, 2009 Dated July 8, 2009 Available at http://www.horea.org.vn!muctinkhac ct.php?id=26986 [Accessed 20 August 2009] yi ju pl The Saigon Times Daily, 2009 Migration should be included in development strategies n ua al Dated October 6, 2009 The Saigon Times Daily, 2009 Dated October 14, 2009 va n Available at http://www.horea.org.vnlmuctinkhac ct.php?id=27628 October 2009] [Accessed 20 ll fu a nh oi m Thomas,M., 2002 Out of control: emergent cultural landscapes and political change in urban Vietnam Urban Studies 39(9), p 1611-1624 tz Train, K E 1986 Qualitative Choice Analysis: Theory, Econometrics and an Application to Automobile Demand MIT Press z j ht vb Tran, H A & Dalholm, E., 2005 Favoured owners, neglected tenants: privatization of state owned housing in Hanoi Housing Studies 20(6), p 897-929 m k U.S Department Of State, 2009 BUREAU OF EAST ASIAN AND PACIFIC AFFAIRS gm om l.c Available at: http://www.state.gov/r/pa/ei/bgn/4130.htm [Accessed 20 April 2009] n a Lu VHLSS, 2006 Vietnam Household Living Standard Survey General Statistical Office of Vietnam Available at: n va http://www.gso.gov.vn/default en.aspx?tabid=515&idmid=5&ItemiD=8183 [Accessed 20 October 2008] y te re t 64 (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam APPENDIX logit Homeownership lnHHINC HHSIZE ASSET AGE MARITAL GEN EDU CRED IMMI EMPL ng Iteration 0: log likelihood= -1623.191 ep hi Iteration 1: log likelihood= -1546.802 Iteration 2: log likelihood= -1511.2709 Iteration 3: log likelihood= -1508.5037 w n Iteration 4: log likelihood= -1508.0715 lo ad Iteration 5: log likelihood=- 1508.0685 y th Iteration 6: log likelihood= -1508.0685 Number of obs = yi ju Logistic regression pl LR chi2(10) = 230.25 Prob > chi2 = 0.0000 al Pseudo R2 n ua Log likelihood = -1508.0685 va Coef Std Err n I Homeownership 9189 0.0709 P>lzl z [95% Conf Interval] fu ll m 0609527 3582341 3.55 0.000 0764363 2654579 1.60e-06 2.12 0.034 2.58e-07 6.52e-06 AGE 0292747 0041242 7.10 0.000 0211915 0373579 MARITAL 1648587 1884519 0.87 0.382 -.2045002 5342176 GEN 2814768 1213494 2.32 0.020 2095934 0758385 HHSIZE 1709471 0482207 ASSET 3.39e-06 j ht 0436364 5193172 -1.37 0.171 m 0.67 0.501 -.3217267 6586421 -.7668298 k 23033 vb -.3153914 z tz EDU 2.76 0.006 a nh oi lnHHINC 1360471 gm I 1684577 2500987 IMMI -1.606352 6005831 -2.67 0.007 -2.783473 -.4292307 EMPL I 3144994 0443521 7.09 0.000 2275709 -2.137097 7615975 -2.81 0.005 -3.629801 -.6443937 4014279 - n a Lu om l.c cons CRED n va *Note: failures and success completely determined y te re t 65 (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam Dropping EDU variable logit Homeownership lnHHINC HHSIZE ASSET AGE MARITAL CRED IMMI EMPL GEN Iteration 0: log likelihood= -1623.191 ng Iteration 1: log likelihood= -1547.621 ep hi Iteration 2: log likelihood= -1512.1907 Iteration 3: log likelihood= -1509.3763 w Iteration 4: log likelihood= -1508.9499 n ad lo Iteration 5: log likelihood= -1508.947 Iteration 6: log likelihood= -1508.947 y th Number of obs Logistic regression 9189 ju 228.49 LR chi2(9) yi = pl Prob > chi2 Log likelihood= -1508.947 0.0000 0.0704 n ua al Pseudo R2 I Coef va Homeownership Std Err z P>lzl [95% Conf Interval] n ll fu .1823086 0734559 2.48 0.013 0383378 3262795 HHSIZE 1782762 0479696 3.72 0.000 0842576 2722948 ASSET 3.53e-06 2.18 0.029 3.59e-07 6.70e-06 0211413 0373052 1.62e-06 tz a nh oi m lnHHINC 0292233 0041235 MARITAL 1679746 1885102 0.89 0.373 -.2014986 5374478 GEN 2801263 1213951 2.31 0.021 0421963 5180563 CRED 1667903 2501114 0.67 0.505 -.3234191 6569997 IMMI -1.57542 6004698 -2.62 0.009 EMPL 3137405 044225 7.09 m k -2.75232 -.3985212 0.000 2270611 40042 -2.56 0.010 -3.36992 om l.c gm -1.908292 7457426 j ht vb cons 7.09 0.000 z AGE -.446663 - n a Lu *Note: failures and success completely determined n va y te re t 66 (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam Dropping CRED variable logit Homeownership lnHHINC HHSIZE ASSET AGE MARITAL GEN IMMI EMPL Iteration 0: log likelihood= -1623.191 ng Iteration 1: log likelihood= -1547.7189 ep hi Iteration 2: log likelihood= -1512.4073 Iteration 3: log likelihood= -1509.5996 w Iteration 4: log likelihood= -1509.181 n ad lo Iteration 5: log likelihood= -1509.1782 Iteration 6: log likelihood= -1509.1782 y th ju Logistic regression 9189 Number of obs yi = pl LR chi2(8) 228.03 n ua al Prob > chi2 0.0000 Pseudo R2 Log likelihood= -1509.1782 = 0.0702 n va Coef Std En· P>lzl z [95% Conf Interval] ll fu I Homeownership 1719381 0720449 2.39 0.017 0307327 3131435 HHSIZE 1809984 0478379 3.78 0.000 0872378 2747589 ASSET 3.51e-06 1.61e-06 2.18 0.029 3.51e-07 6.68e-06 AGE 0290185 0041123 7.06 0.000 0209585 0370786 MARITAL 167101 1885047 0.89 -.2023614 5365635 GEN 2780881 1213577 2.29 0.022 0402314 600712 -2.63 0.009 -2.757107 -.4023592 3151718 0442138 7.13 0.000 2285143 -1.796859 7292006 -2.46 0.014 -3.226066 -.3676517 a nh oi lnHHINC tz m - 4018294 m co l gm cons 5159448 k I jm EMPL -1.579733 ht vb z IMMI 0.375 an Lu *Note: failures and success completely determined n va y te re 67 (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam (Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam(Luận.Văn).Determinants.Of.Homeownership.In.Vietnam