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Housing policy in developing countries : conjectures and refutations (English)

This housing policy in developing countries, conjectures and refutations article discusses housing policy in developing economies. It examines recent research findings in light of earlier arguments as to the benefits of more market-oriented approaches. It also looks at whether the recommendations of earlier work have been refuted or developed in subsequent analyses and policy measures. In particular, it reviews the empirical analysis of the effects of policy on housing supply, the richer understanding of the effects that land market regulations have on housing affordability and the functioning of urban areas, and the alleged mysterious effects that researchers claim effective property rights have on housing policy and on development more generally. It also examines the effects of the increased emphasis on community participation, showing how it helps to more fully reconcile the incentives faced by beneficiaries of housing policy and donors. Finally, it examines recent literature on the welfare effects of rent control. The article shows that some of the conjectures as to the likely benefits of more market-based policy have been refuted, but large welfare gains for poor people can still be realized by adapting this approach. Furthermore, this approach appears to be gaining ground as the consensus approach to effective housing policy.

Details

  • Author

    Buckley, Robert M Kalarickal, Jerry

  • Document Date

    2005/09/01

  • Document Type

    Journal Article

  • Report Number

    76753

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2013/04/17

  • Disclosure Status

    Disclosed

  • Doc Name

    Housing policy in developing countries : conjectures and refutations

  • Keywords

    rent control;Housing Policy;housing demand;housing finance;housing supply;property right;absence of property rights;grameen bank;average per capita income;land market;housing finance system;land use regulation;high inflation rate;public policy;Population Density;secure property right;Housing and Land;effect of regulation;central business district;data collection effort;security of tenure;european central bank;european monetary union;form of decentralization;rural poor people;housing policy strategy;bundle of rights;public sector intervention;piece of property;increase in quantity;costs of regulation;access to property;subsequent research;high-density residential areas;floor area ratio;asian financial crisis;research for policy;black south africans;land use restriction;urban land market;real estate market;real estate economics;supply of finance;inefficient public sector;residential real estate;views of poor;institute of technology;formal financial system;technical assistance program;urban population growth;world war ii;formal financial institution;average household consumption;absence of insurance;asymmetric information problem;formal financial sector;supply of service;building height restriction;rights of way;competitive financial system;local public good;private financial institution;low-income family;mortgage finance;spatial patterns;mortgage credit;informal sector;microfinance institution;slum dweller;community participation;comparative advantage;rural area;empirical analysis;welfare effect;housing economics;Transition economies;transition economy;welfare costs;empirical support;empirical work;rationing system;housing price;welfare gains;Political Economy;long commute;private market;financial market;regulatory constraint;housing sector;urban poor;public assistance;housing program;social capital;housing affordability;community involvement;housing investments;anthropological perspective;urban economy;common problems;transition country;transition countries;non-governmental organization;low-income housing;housing opportunity;commons problem;financial innovation;community group;spatial structure;public ownership;

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Citation

Buckley, Robert M Kalarickal, Jerry

Housing policy in developing countries : conjectures and refutations (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/449241468157185647/Housing-policy-in-developing-countries-conjectures-and-refutations