Izvorni znanstveni članak
https://doi.org/10.17559/JF-2026030000033
DETERMINING THE RELATIONSHIP BETWEEN REAL ESTATE OWNERSHIP STRUCTURE, ECONOMIC DEVELOPMENT, AND INNOVATION
Miloš Grujić
; Vase Pelagića 2/IV 78000 Banja Luka
*
Saša Čekrlija
; Univerzitet FINRA Tuzla Mitra Trifunovića Uče 9, 75000 Tuzla
* Dopisni autor.
Sažetak
The subject of this research is to examine the relationship between real estate ownership on one hand, and economic development, financial development, and global innovation on the other. This study analyzes data from 38 countries, encompassing all European Union member states. Economic development serves as a vital factor influencing how people live and what they expect from their homes. Furthermore, the Financial Development Index and the Global Innovation Index represent indicators capable of explaining cross-country differences in housing preferences. Through this research, we aim to better understand these relationships and their real-world application, as the analyzed data confirm significant disparities in homeownership rates, which regularly exceed 80% in transition economies. The regression analysis results reveal a powerful negative correlation between real estate ownership and societal innovation (R2 = 0.8676), economic wealth (R2 = 0.7858), and the financial market development index (R2 = 0.7813). The study demonstrates that high homeownership rates in less developed countries do not cause economic stagnation, but rather represent an individual's rational response to institutional uncertainty and underdeveloped capital markets.
Ključne riječi
GDP, transition economy, homeownership
Hrčak ID:
350001
URI
Datum izdavanja:
31.7.2026.
Posjeta: 0 *