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Record W3094355810 · doi:10.9734/sajsse/2020/v8i230206

Affordable Housing in the Wake of Global Pandemics: A Reality or a Mirage the Kenyan Perspective?

2020· article· en· W3094355810 on OpenAlexaboutno aff
Evans Kiganda, Paul Mbiti Shavulimo

Bibliographic record

VenueSouth Asian Journal of Social Studies and Economics · 2020
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing Market and Economics
Canadian institutionsnot available
Fundersnot available
KeywordsQuarter (Canadian coin)KenyaReal estatePandemicEconomicsInflation (cosmology)Distributed lagCoronavirus disease 2019 (COVID-19)BusinessDevelopment economicsEconomic growthGeographyFinancePolitical science

Abstract

fetched live from OpenAlex

Aim: This was an investigative study on affordable housing in the wake of global pandemics: A reality or a mirage the Kenyan perspective? 22 % of Kenyans stay in towns and the inhabitants in these cities continue to grow at the rate of 4.2 % annually. This growth rate has outstripped the supply of housing units built. For instance, Nairobi needs a minimum of 120,000 new houses per annually to satisfy the demand but a paltry 35,000 units are constructed annually. The excess demand is likely to continue pushing the housing prices beyond the reach of many Kenyans. Studies conducted in Kenya on housing prices focused on non-macroeconomic determinants and more importantly none of the studies globally envisaged how global pandemics can influence housing prices. Therefore, the influence of global pandemics like Corona Virus Disease (COVID-19) and macroeconomic factors on housing prices in Kenya remains unknown.
 Study Design: Correlational research design.
 Methodology: The study employed unrestricted Vector Autoregressive analysis involving quarterly time series from quarter 1 of 2014 to quarter 1 of 2020 with a dummy variable measuring the influence of COVID-19.
 Results: Results indicated that the total money supply had a positive influence on inflation that was highly influenced by extended broad money.
 Conclusion: From the results, it was concluded that some macroeconomic factors, time trends and global pandemics like COVID-19 influence housing prices in Kenya. Professional, administrative and support services, time trend, transport and storage, information and communication, real estate and housing prices at lag 1 increased housing prices in Kenya by 0.41%, 0.41%, 0.94%, 0.37% and 0.59% respectively given unrestricted VAR coefficients and t-statistics of 0.41(4.184), 1.27 (9.862), 0.19 (2.740), 0.94 (10.178) and 0.59 (6.055) for the variables. Housing prices at lag 1 and 4, COVID-19, other services and tax on products reduced housing prices in Kenya by 0.26%, 0.99%, 3.29%, 1.01% and 0.05% respectively given unrestricted VAR coefficients and t-statistics of -0.26(-2.366), -0.99 (-8.770), -3.29 (-4.550), -1.01 (-6.568) and -0.05 (-2.807) for the variables respectively. Economic growth, financial and insurance activities and previous housing prices at lag 5 had no influence on housing prices in Kenya.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Qualitative · Consensus signal: Qualitative
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.318
Threshold uncertainty score0.470

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.084
GPT teacher head0.276
Teacher spread0.193 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designQualitative
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

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Citations0
Published2020
Admission routes1
Has abstractyes

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