Housing Policy in Developing Countries: Conjectures and Refutations
This 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...
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Veröffentlicht in: | The World Bank research observer 2005-10, Vol.20 (2), p.233-257 |
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description | This 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. |
doi_str_mv | 10.1093/wbro/lki007 |
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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.</description><identifier>ISSN: 0257-3032</identifier><identifier>EISSN: 1564-6971</identifier><identifier>DOI: 10.1093/wbro/lki007</identifier><language>eng</language><publisher>Cary: Oxford University Press</publisher><subject>ACCESS TO LAND ; AFFORDABLE HOUSING ; ALM ; ASYMMETRIC INFORMATION ; AUTONOMY ; BUILDING INDUSTRY ; BUILDING SOCIETIES ; CAPITAL MARKETS ; CENTRAL PLANNING ; CITIES ; COMMON PROPERTY ; COMMUNITIES ; COMMUNITY FACILITIES ; COMMUNITY GROUPS ; COMMUNITY INVOLVEMENT ; COMMUNITY PARTICIPATION ; COMPARATIVE ADVANTAGE ; COUNTRYSIDE ; DECENTRALIZATION ; DEFAULT RISK ; DEMOGRAPHIC TRANSITION ; Developing countries ; Development programmes ; DORMITORY TOWNS ; DURABLE GOODS ; ECONOMIC ACTIVITY ; ECONOMIC DEVELOPMENT ; ECONOMIC EFFECTS ; ECONOMIC GROWTH ; ECONOMICS ; EMERGING MARKETS ; EMPIRICAL ANALYSIS ; EMPIRICAL BASIS ; EMPIRICAL EVIDENCE ; Empirical tests ; ENERGY EFFICIENCY ; ENVIRONMENTS ; EUROPEAN CENTRAL BANK ; EXTERNALITIES ; FEDERAL RESERVE BANK OF BOSTON ; FEDERAL RESERVE BANK OF NEW YORK ; Finance ; FINANCIAL CRISES ; FINANCIAL INSTITUTIONS ; FINANCIAL INTEGRATION ; FINANCIAL MARKETS ; FINANCIAL RESOURCES ; FINANCIAL SYSTEMS ; HABITAT ; HOME OWNERSHIP ; HOUSE PRICES ; HOUSEHOLDS ; HOUSES ; HOUSING ; HOUSING AFFORDABILITY ; HOUSING CONDITIONS ; HOUSING DEMAND ; HOUSING ECONOMICS ; HOUSING FINANCE ; HOUSING FINANCE SYSTEM ; HOUSING FINANCE SYSTEMS ; HOUSING INDICATORS ; HOUSING LOANS ; HOUSING MARKET ; HOUSING MARKETS ; HOUSING POLICY ; HOUSING PRICES ; HOUSING PROBLEMS ; HOUSING PROGRAMS ; HOUSING PROJECTS ; HOUSING RESEARCH ; HOUSING STANDARDS ; HOUSING SUBSIDIES ; HOUSING SUPPLY ; HOUSING UNITS ; HOUSING VOUCHERS ; HUMAN SETTLEMENTS ; INCOME ; INCOME ELASTICITY ; INFLATION ; INFLATION RATES ; Informal economy ; INFORMAL HOUSING ; INSURANCE ; INTEREST RATES ; INTERVENTIONS ; LAND DEVELOPMENT ; LAND ECONOMICS ; LAND SUPPLY ; LAND TENURE ; LAND USE ; LDCs ; LEGAL FRAMEWORK ; LOCAL GOVERNMENT ; Low income groups ; MASS TRANSIT ; MAYORS ; METROPOLITAN AREAS ; MICROFINANCE ; MORTGAGE ; MORTGAGE CREDIT ; MORTGAGE DEFAULT ; MORTGAGE DEFAULT RISK ; MORTGAGE FINANCE ; MORTGAGE LENDING ; MORTGAGE MARKETS ; MORTGAGE SECURITIES ; MUNICIPALITIES ; Observational research ; Per capita ; PERFECT INFORMATION ; POLICY ENVIRONMENT ; POLITICAL ECONOMY ; POPULATION DENSITIES ; POPULATION GROWTH ; Poverty ; POVERTY REDUCTION ; PRIVATE HOUSING ; PRIVATE PROPERTY ; PRIVATIZATION ; PROPERTY RIGHTS ; PUBLIC ; PUBLIC CHOICE ; PUBLIC GOODS ; PUBLIC GOVERNANCE ; PUBLIC HOUSING ; PUBLIC OWNERSHIP ; PUBLIC POLICIES ; PUBLIC POLICY ; PUBLIC RESOURCES ; PUBLIC SECTOR ; PUBLIC SECTOR INTERVENTIONS ; REAL ESTATE ; REAL ESTATE MARKETS ; REGIONAL DEVELOPMENT ; REGULATORY FRAMEWORK ; Rent ; RENT CONTROL ; RENTS ; RESIDENCES ; RESIDENTIAL AREAS ; RESIDENTIAL PROPERTY ; RESIDENTIAL REAL ESTATE ; RESOURCE ALLOCATION ; RESOURCE MOBILIZATION ; RESOURCE USE ; RURAL AREAS ; SAFETY ; SAVINGS ; SECURITIES ; SECURITIZATION ; SETTLEMENT ; SETTLEMENT PATTERNS ; SHELTER ; SLUM ; SLUMS ; SOCIAL SAFETY NETS ; SPATIAL PATTERNS ; SQUATTER ; SQUATTER SETTLEMENTS ; STATE GOVERNMENTS ; STRUCTURAL CONDITIONS ; STRUCTURAL FACTORS ; SUBSIDIZED HOUSING ; SUBURBS ; Supply ; SUSTAINABLE DEVELOPMENT ; TECHNICAL ASSISTANCE ; TENANCY ; TRANSITION ECONOMIES ; TRANSPORT ; URBAN AREAS ; URBAN DEVELOPMENT ; Urban economics ; URBAN ECONOMIES ; URBAN ECONOMY ; URBAN HOUSING ; URBAN LAND ; URBAN POLICY ; URBAN POOR ; URBAN POPULATION ; URBAN POVERTY ; URBAN STUDIES ; URBANIZATION ; Welfare ; WELFARE EFFECTS ; WELFARE GAINS ; WILLINGNESS TO PAY ; World Bank</subject><ispartof>The World Bank research observer, 2005-10, Vol.20 (2), p.233-257</ispartof><rights>Copyright © The International Bank for Reconstrution and Development/THE WORLD BANK 2005</rights><rights>CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank</rights><rights>Copyright World Bank. 2005. Published by Oxford University Press. All rights reserved.</rights><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c5611-1e472b4f8e7508bde908fbfb8cf9c78a5c9f6646594bf8dadda365831ffaacce3</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/41261417$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/41261417$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,780,784,803,18980,27864,27922,27923,58015,58248</link.rule.ids></links><search><creatorcontrib>Buckley, Robert M.</creatorcontrib><creatorcontrib>Kalarickal, Jerry</creatorcontrib><title>Housing Policy in Developing Countries: Conjectures and Refutations</title><title>The World Bank research observer</title><addtitle>World Bank Res Obs</addtitle><description>This 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.</description><subject>ACCESS TO LAND</subject><subject>AFFORDABLE HOUSING</subject><subject>ALM</subject><subject>ASYMMETRIC INFORMATION</subject><subject>AUTONOMY</subject><subject>BUILDING INDUSTRY</subject><subject>BUILDING SOCIETIES</subject><subject>CAPITAL MARKETS</subject><subject>CENTRAL PLANNING</subject><subject>CITIES</subject><subject>COMMON PROPERTY</subject><subject>COMMUNITIES</subject><subject>COMMUNITY FACILITIES</subject><subject>COMMUNITY GROUPS</subject><subject>COMMUNITY INVOLVEMENT</subject><subject>COMMUNITY PARTICIPATION</subject><subject>COMPARATIVE ADVANTAGE</subject><subject>COUNTRYSIDE</subject><subject>DECENTRALIZATION</subject><subject>DEFAULT RISK</subject><subject>DEMOGRAPHIC TRANSITION</subject><subject>Developing countries</subject><subject>Development programmes</subject><subject>DORMITORY TOWNS</subject><subject>DURABLE GOODS</subject><subject>ECONOMIC ACTIVITY</subject><subject>ECONOMIC DEVELOPMENT</subject><subject>ECONOMIC EFFECTS</subject><subject>ECONOMIC GROWTH</subject><subject>ECONOMICS</subject><subject>EMERGING MARKETS</subject><subject>EMPIRICAL ANALYSIS</subject><subject>EMPIRICAL BASIS</subject><subject>EMPIRICAL EVIDENCE</subject><subject>Empirical tests</subject><subject>ENERGY EFFICIENCY</subject><subject>ENVIRONMENTS</subject><subject>EUROPEAN CENTRAL BANK</subject><subject>EXTERNALITIES</subject><subject>FEDERAL RESERVE BANK OF BOSTON</subject><subject>FEDERAL RESERVE BANK OF NEW YORK</subject><subject>Finance</subject><subject>FINANCIAL CRISES</subject><subject>FINANCIAL INSTITUTIONS</subject><subject>FINANCIAL INTEGRATION</subject><subject>FINANCIAL MARKETS</subject><subject>FINANCIAL RESOURCES</subject><subject>FINANCIAL SYSTEMS</subject><subject>HABITAT</subject><subject>HOME OWNERSHIP</subject><subject>HOUSE PRICES</subject><subject>HOUSEHOLDS</subject><subject>HOUSES</subject><subject>HOUSING</subject><subject>HOUSING AFFORDABILITY</subject><subject>HOUSING CONDITIONS</subject><subject>HOUSING DEMAND</subject><subject>HOUSING ECONOMICS</subject><subject>HOUSING FINANCE</subject><subject>HOUSING FINANCE SYSTEM</subject><subject>HOUSING FINANCE SYSTEMS</subject><subject>HOUSING INDICATORS</subject><subject>HOUSING LOANS</subject><subject>HOUSING MARKET</subject><subject>HOUSING MARKETS</subject><subject>HOUSING POLICY</subject><subject>HOUSING PRICES</subject><subject>HOUSING PROBLEMS</subject><subject>HOUSING PROGRAMS</subject><subject>HOUSING PROJECTS</subject><subject>HOUSING RESEARCH</subject><subject>HOUSING STANDARDS</subject><subject>HOUSING SUBSIDIES</subject><subject>HOUSING SUPPLY</subject><subject>HOUSING UNITS</subject><subject>HOUSING VOUCHERS</subject><subject>HUMAN SETTLEMENTS</subject><subject>INCOME</subject><subject>INCOME ELASTICITY</subject><subject>INFLATION</subject><subject>INFLATION RATES</subject><subject>Informal economy</subject><subject>INFORMAL HOUSING</subject><subject>INSURANCE</subject><subject>INTEREST RATES</subject><subject>INTERVENTIONS</subject><subject>LAND DEVELOPMENT</subject><subject>LAND ECONOMICS</subject><subject>LAND SUPPLY</subject><subject>LAND TENURE</subject><subject>LAND USE</subject><subject>LDCs</subject><subject>LEGAL FRAMEWORK</subject><subject>LOCAL GOVERNMENT</subject><subject>Low income groups</subject><subject>MASS TRANSIT</subject><subject>MAYORS</subject><subject>METROPOLITAN AREAS</subject><subject>MICROFINANCE</subject><subject>MORTGAGE</subject><subject>MORTGAGE CREDIT</subject><subject>MORTGAGE DEFAULT</subject><subject>MORTGAGE DEFAULT RISK</subject><subject>MORTGAGE FINANCE</subject><subject>MORTGAGE LENDING</subject><subject>MORTGAGE MARKETS</subject><subject>MORTGAGE SECURITIES</subject><subject>MUNICIPALITIES</subject><subject>Observational research</subject><subject>Per capita</subject><subject>PERFECT INFORMATION</subject><subject>POLICY ENVIRONMENT</subject><subject>POLITICAL ECONOMY</subject><subject>POPULATION DENSITIES</subject><subject>POPULATION GROWTH</subject><subject>Poverty</subject><subject>POVERTY REDUCTION</subject><subject>PRIVATE HOUSING</subject><subject>PRIVATE PROPERTY</subject><subject>PRIVATIZATION</subject><subject>PROPERTY RIGHTS</subject><subject>PUBLIC</subject><subject>PUBLIC CHOICE</subject><subject>PUBLIC GOODS</subject><subject>PUBLIC GOVERNANCE</subject><subject>PUBLIC HOUSING</subject><subject>PUBLIC OWNERSHIP</subject><subject>PUBLIC POLICIES</subject><subject>PUBLIC POLICY</subject><subject>PUBLIC RESOURCES</subject><subject>PUBLIC SECTOR</subject><subject>PUBLIC SECTOR INTERVENTIONS</subject><subject>REAL ESTATE</subject><subject>REAL ESTATE MARKETS</subject><subject>REGIONAL DEVELOPMENT</subject><subject>REGULATORY FRAMEWORK</subject><subject>Rent</subject><subject>RENT CONTROL</subject><subject>RENTS</subject><subject>RESIDENCES</subject><subject>RESIDENTIAL AREAS</subject><subject>RESIDENTIAL PROPERTY</subject><subject>RESIDENTIAL REAL ESTATE</subject><subject>RESOURCE ALLOCATION</subject><subject>RESOURCE MOBILIZATION</subject><subject>RESOURCE USE</subject><subject>RURAL AREAS</subject><subject>SAFETY</subject><subject>SAVINGS</subject><subject>SECURITIES</subject><subject>SECURITIZATION</subject><subject>SETTLEMENT</subject><subject>SETTLEMENT PATTERNS</subject><subject>SHELTER</subject><subject>SLUM</subject><subject>SLUMS</subject><subject>SOCIAL SAFETY NETS</subject><subject>SPATIAL PATTERNS</subject><subject>SQUATTER</subject><subject>SQUATTER SETTLEMENTS</subject><subject>STATE GOVERNMENTS</subject><subject>STRUCTURAL CONDITIONS</subject><subject>STRUCTURAL FACTORS</subject><subject>SUBSIDIZED HOUSING</subject><subject>SUBURBS</subject><subject>Supply</subject><subject>SUSTAINABLE DEVELOPMENT</subject><subject>TECHNICAL ASSISTANCE</subject><subject>TENANCY</subject><subject>TRANSITION ECONOMIES</subject><subject>TRANSPORT</subject><subject>URBAN AREAS</subject><subject>URBAN DEVELOPMENT</subject><subject>Urban economics</subject><subject>URBAN ECONOMIES</subject><subject>URBAN ECONOMY</subject><subject>URBAN HOUSING</subject><subject>URBAN LAND</subject><subject>URBAN POLICY</subject><subject>URBAN POOR</subject><subject>URBAN POPULATION</subject><subject>URBAN POVERTY</subject><subject>URBAN STUDIES</subject><subject>URBANIZATION</subject><subject>Welfare</subject><subject>WELFARE EFFECTS</subject><subject>WELFARE GAINS</subject><subject>WILLINGNESS TO PAY</subject><subject>World Bank</subject><issn>0257-3032</issn><issn>1564-6971</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2005</creationdate><recordtype>article</recordtype><sourceid>VO9</sourceid><sourceid>7TQ</sourceid><recordid>eNpdkM1v1DAUxK0KpC4LJ85IEQcuKNSOP9MbWqBbqWorKKLqxXKc58q7qZ3aCUv_e7JN1UNPtjy_mfc8CL0n-AvBNT3aNSkedVuPsTxAC8IFK0UtySu0wBWXJcW0OkRvct5gjAVm9QKt1nHMPtwWl7Hz9qHwofgGf6GL_f5xFccwJA_5eLqGDdhhTJALE9riJ7hxMIOPIb9Fr53pMrx7Opfo94_vV6t1eXZxcrr6elZaLggpCTBZNcwpkByrpoUaK9e4RllXW6kMt7UTggles8ap1rStoYIrSpwzxlqgS_Rpzu1TvB8hD_rOZwtdZwJMv9BUSqwowxP48QW4iWMK0266IhJzIaeylujzDNkUc07gdJ_8nUkPmmC9b1Pv29RzmxPNZnoXU9c2Jmx17CFsQ9x10N5Cgj5mP8RHe62EJoJhMtk-zLZNnrTnCYxUgjCyjy1n3ecB_j3rJm21kFRyvb6-0fzPifpViXN9Rf8Da-SVfA</recordid><startdate>20051001</startdate><enddate>20051001</enddate><creator>Buckley, Robert M.</creator><creator>Kalarickal, Jerry</creator><general>Oxford University Press</general><general>Oxford University Press on behalf of the World Bank</general><general>Oxford Publishing Limited (England)</general><scope>BSCLL</scope><scope>VO9</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7TQ</scope><scope>8BJ</scope><scope>DHY</scope><scope>DON</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>20051001</creationdate><title>Housing Policy in Developing Countries: Conjectures and Refutations</title><author>Buckley, Robert M. ; Kalarickal, Jerry</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c5611-1e472b4f8e7508bde908fbfb8cf9c78a5c9f6646594bf8dadda365831ffaacce3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2005</creationdate><topic>ACCESS TO LAND</topic><topic>AFFORDABLE HOUSING</topic><topic>ALM</topic><topic>ASYMMETRIC INFORMATION</topic><topic>AUTONOMY</topic><topic>BUILDING INDUSTRY</topic><topic>BUILDING SOCIETIES</topic><topic>CAPITAL MARKETS</topic><topic>CENTRAL PLANNING</topic><topic>CITIES</topic><topic>COMMON PROPERTY</topic><topic>COMMUNITIES</topic><topic>COMMUNITY FACILITIES</topic><topic>COMMUNITY GROUPS</topic><topic>COMMUNITY INVOLVEMENT</topic><topic>COMMUNITY PARTICIPATION</topic><topic>COMPARATIVE ADVANTAGE</topic><topic>COUNTRYSIDE</topic><topic>DECENTRALIZATION</topic><topic>DEFAULT RISK</topic><topic>DEMOGRAPHIC TRANSITION</topic><topic>Developing countries</topic><topic>Development programmes</topic><topic>DORMITORY TOWNS</topic><topic>DURABLE GOODS</topic><topic>ECONOMIC ACTIVITY</topic><topic>ECONOMIC DEVELOPMENT</topic><topic>ECONOMIC EFFECTS</topic><topic>ECONOMIC GROWTH</topic><topic>ECONOMICS</topic><topic>EMERGING MARKETS</topic><topic>EMPIRICAL ANALYSIS</topic><topic>EMPIRICAL BASIS</topic><topic>EMPIRICAL EVIDENCE</topic><topic>Empirical tests</topic><topic>ENERGY EFFICIENCY</topic><topic>ENVIRONMENTS</topic><topic>EUROPEAN CENTRAL BANK</topic><topic>EXTERNALITIES</topic><topic>FEDERAL RESERVE BANK OF BOSTON</topic><topic>FEDERAL RESERVE BANK OF NEW YORK</topic><topic>Finance</topic><topic>FINANCIAL CRISES</topic><topic>FINANCIAL INSTITUTIONS</topic><topic>FINANCIAL INTEGRATION</topic><topic>FINANCIAL MARKETS</topic><topic>FINANCIAL RESOURCES</topic><topic>FINANCIAL SYSTEMS</topic><topic>HABITAT</topic><topic>HOME OWNERSHIP</topic><topic>HOUSE PRICES</topic><topic>HOUSEHOLDS</topic><topic>HOUSES</topic><topic>HOUSING</topic><topic>HOUSING AFFORDABILITY</topic><topic>HOUSING CONDITIONS</topic><topic>HOUSING DEMAND</topic><topic>HOUSING ECONOMICS</topic><topic>HOUSING FINANCE</topic><topic>HOUSING FINANCE SYSTEM</topic><topic>HOUSING FINANCE SYSTEMS</topic><topic>HOUSING INDICATORS</topic><topic>HOUSING LOANS</topic><topic>HOUSING MARKET</topic><topic>HOUSING MARKETS</topic><topic>HOUSING POLICY</topic><topic>HOUSING PRICES</topic><topic>HOUSING PROBLEMS</topic><topic>HOUSING PROGRAMS</topic><topic>HOUSING PROJECTS</topic><topic>HOUSING RESEARCH</topic><topic>HOUSING STANDARDS</topic><topic>HOUSING SUBSIDIES</topic><topic>HOUSING SUPPLY</topic><topic>HOUSING UNITS</topic><topic>HOUSING VOUCHERS</topic><topic>HUMAN SETTLEMENTS</topic><topic>INCOME</topic><topic>INCOME ELASTICITY</topic><topic>INFLATION</topic><topic>INFLATION RATES</topic><topic>Informal economy</topic><topic>INFORMAL HOUSING</topic><topic>INSURANCE</topic><topic>INTEREST RATES</topic><topic>INTERVENTIONS</topic><topic>LAND DEVELOPMENT</topic><topic>LAND ECONOMICS</topic><topic>LAND SUPPLY</topic><topic>LAND TENURE</topic><topic>LAND USE</topic><topic>LDCs</topic><topic>LEGAL FRAMEWORK</topic><topic>LOCAL GOVERNMENT</topic><topic>Low income groups</topic><topic>MASS TRANSIT</topic><topic>MAYORS</topic><topic>METROPOLITAN AREAS</topic><topic>MICROFINANCE</topic><topic>MORTGAGE</topic><topic>MORTGAGE CREDIT</topic><topic>MORTGAGE DEFAULT</topic><topic>MORTGAGE DEFAULT RISK</topic><topic>MORTGAGE FINANCE</topic><topic>MORTGAGE LENDING</topic><topic>MORTGAGE MARKETS</topic><topic>MORTGAGE SECURITIES</topic><topic>MUNICIPALITIES</topic><topic>Observational research</topic><topic>Per capita</topic><topic>PERFECT INFORMATION</topic><topic>POLICY ENVIRONMENT</topic><topic>POLITICAL ECONOMY</topic><topic>POPULATION DENSITIES</topic><topic>POPULATION GROWTH</topic><topic>Poverty</topic><topic>POVERTY REDUCTION</topic><topic>PRIVATE HOUSING</topic><topic>PRIVATE PROPERTY</topic><topic>PRIVATIZATION</topic><topic>PROPERTY RIGHTS</topic><topic>PUBLIC</topic><topic>PUBLIC CHOICE</topic><topic>PUBLIC GOODS</topic><topic>PUBLIC GOVERNANCE</topic><topic>PUBLIC HOUSING</topic><topic>PUBLIC OWNERSHIP</topic><topic>PUBLIC POLICIES</topic><topic>PUBLIC POLICY</topic><topic>PUBLIC RESOURCES</topic><topic>PUBLIC SECTOR</topic><topic>PUBLIC SECTOR INTERVENTIONS</topic><topic>REAL ESTATE</topic><topic>REAL ESTATE MARKETS</topic><topic>REGIONAL DEVELOPMENT</topic><topic>REGULATORY FRAMEWORK</topic><topic>Rent</topic><topic>RENT CONTROL</topic><topic>RENTS</topic><topic>RESIDENCES</topic><topic>RESIDENTIAL AREAS</topic><topic>RESIDENTIAL PROPERTY</topic><topic>RESIDENTIAL REAL ESTATE</topic><topic>RESOURCE ALLOCATION</topic><topic>RESOURCE MOBILIZATION</topic><topic>RESOURCE USE</topic><topic>RURAL AREAS</topic><topic>SAFETY</topic><topic>SAVINGS</topic><topic>SECURITIES</topic><topic>SECURITIZATION</topic><topic>SETTLEMENT</topic><topic>SETTLEMENT PATTERNS</topic><topic>SHELTER</topic><topic>SLUM</topic><topic>SLUMS</topic><topic>SOCIAL SAFETY NETS</topic><topic>SPATIAL PATTERNS</topic><topic>SQUATTER</topic><topic>SQUATTER SETTLEMENTS</topic><topic>STATE GOVERNMENTS</topic><topic>STRUCTURAL CONDITIONS</topic><topic>STRUCTURAL FACTORS</topic><topic>SUBSIDIZED HOUSING</topic><topic>SUBURBS</topic><topic>Supply</topic><topic>SUSTAINABLE DEVELOPMENT</topic><topic>TECHNICAL ASSISTANCE</topic><topic>TENANCY</topic><topic>TRANSITION ECONOMIES</topic><topic>TRANSPORT</topic><topic>URBAN AREAS</topic><topic>URBAN DEVELOPMENT</topic><topic>Urban economics</topic><topic>URBAN ECONOMIES</topic><topic>URBAN ECONOMY</topic><topic>URBAN HOUSING</topic><topic>URBAN LAND</topic><topic>URBAN POLICY</topic><topic>URBAN POOR</topic><topic>URBAN POPULATION</topic><topic>URBAN POVERTY</topic><topic>URBAN STUDIES</topic><topic>URBANIZATION</topic><topic>Welfare</topic><topic>WELFARE EFFECTS</topic><topic>WELFARE GAINS</topic><topic>WILLINGNESS TO PAY</topic><topic>World Bank</topic><toplevel>online_resources</toplevel><creatorcontrib>Buckley, Robert M.</creatorcontrib><creatorcontrib>Kalarickal, Jerry</creatorcontrib><collection>Istex</collection><collection>Open Knowledge Repository</collection><collection>CrossRef</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>The World Bank research observer</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Buckley, Robert M.</au><au>Kalarickal, Jerry</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Housing Policy in Developing Countries: Conjectures and Refutations</atitle><jtitle>The World Bank research observer</jtitle><addtitle>World Bank Res Obs</addtitle><date>2005-10-01</date><risdate>2005</risdate><volume>20</volume><issue>2</issue><spage>233</spage><epage>257</epage><pages>233-257</pages><issn>0257-3032</issn><eissn>1564-6971</eissn><abstract>This 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.</abstract><cop>Cary</cop><pub>Oxford University Press</pub><doi>10.1093/wbro/lki007</doi><tpages>25</tpages><oa>free_for_read</oa></addata></record> |
fulltext | fulltext |
identifier | ISSN: 0257-3032 |
ispartof | The World Bank research observer, 2005-10, Vol.20 (2), p.233-257 |
issn | 0257-3032 1564-6971 |
language | eng |
recordid | cdi_proquest_miscellaneous_37708340 |
source | PAIS Index; Open Knowledge Repository; JSTOR Archive Collection A-Z Listing; Oxford University Press Journals All Titles (1996-Current); EZB-FREE-00999 freely available EZB journals |
subjects | ACCESS TO LAND AFFORDABLE HOUSING ALM ASYMMETRIC INFORMATION AUTONOMY BUILDING INDUSTRY BUILDING SOCIETIES CAPITAL MARKETS CENTRAL PLANNING CITIES COMMON PROPERTY COMMUNITIES COMMUNITY FACILITIES COMMUNITY GROUPS COMMUNITY INVOLVEMENT COMMUNITY PARTICIPATION COMPARATIVE ADVANTAGE COUNTRYSIDE DECENTRALIZATION DEFAULT RISK DEMOGRAPHIC TRANSITION Developing countries Development programmes DORMITORY TOWNS DURABLE GOODS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC EFFECTS ECONOMIC GROWTH ECONOMICS EMERGING MARKETS EMPIRICAL ANALYSIS EMPIRICAL BASIS EMPIRICAL EVIDENCE Empirical tests ENERGY EFFICIENCY ENVIRONMENTS EUROPEAN CENTRAL BANK EXTERNALITIES FEDERAL RESERVE BANK OF BOSTON FEDERAL RESERVE BANK OF NEW YORK Finance FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SYSTEMS HABITAT HOME OWNERSHIP HOUSE PRICES HOUSEHOLDS HOUSES HOUSING HOUSING AFFORDABILITY HOUSING CONDITIONS HOUSING DEMAND HOUSING ECONOMICS HOUSING FINANCE HOUSING FINANCE SYSTEM HOUSING FINANCE SYSTEMS HOUSING INDICATORS HOUSING LOANS HOUSING MARKET HOUSING MARKETS HOUSING POLICY HOUSING PRICES HOUSING PROBLEMS HOUSING PROGRAMS HOUSING PROJECTS HOUSING RESEARCH HOUSING STANDARDS HOUSING SUBSIDIES HOUSING SUPPLY HOUSING UNITS HOUSING VOUCHERS HUMAN SETTLEMENTS INCOME INCOME ELASTICITY INFLATION INFLATION RATES Informal economy INFORMAL HOUSING INSURANCE INTEREST RATES INTERVENTIONS LAND DEVELOPMENT LAND ECONOMICS LAND SUPPLY LAND TENURE LAND USE LDCs LEGAL FRAMEWORK LOCAL GOVERNMENT Low income groups MASS TRANSIT MAYORS METROPOLITAN AREAS MICROFINANCE MORTGAGE MORTGAGE CREDIT MORTGAGE DEFAULT MORTGAGE DEFAULT RISK MORTGAGE FINANCE MORTGAGE LENDING MORTGAGE MARKETS MORTGAGE SECURITIES MUNICIPALITIES Observational research Per capita PERFECT INFORMATION POLICY ENVIRONMENT POLITICAL ECONOMY POPULATION DENSITIES POPULATION GROWTH Poverty POVERTY REDUCTION PRIVATE HOUSING PRIVATE PROPERTY PRIVATIZATION PROPERTY RIGHTS PUBLIC PUBLIC CHOICE PUBLIC GOODS PUBLIC GOVERNANCE PUBLIC HOUSING PUBLIC OWNERSHIP PUBLIC POLICIES PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR INTERVENTIONS REAL ESTATE REAL ESTATE MARKETS REGIONAL DEVELOPMENT REGULATORY FRAMEWORK Rent RENT CONTROL RENTS RESIDENCES RESIDENTIAL AREAS RESIDENTIAL PROPERTY RESIDENTIAL REAL ESTATE RESOURCE ALLOCATION RESOURCE MOBILIZATION RESOURCE USE RURAL AREAS SAFETY SAVINGS SECURITIES SECURITIZATION SETTLEMENT SETTLEMENT PATTERNS SHELTER SLUM SLUMS SOCIAL SAFETY NETS SPATIAL PATTERNS SQUATTER SQUATTER SETTLEMENTS STATE GOVERNMENTS STRUCTURAL CONDITIONS STRUCTURAL FACTORS SUBSIDIZED HOUSING SUBURBS Supply SUSTAINABLE DEVELOPMENT TECHNICAL ASSISTANCE TENANCY TRANSITION ECONOMIES TRANSPORT URBAN AREAS URBAN DEVELOPMENT Urban economics URBAN ECONOMIES URBAN ECONOMY URBAN HOUSING URBAN LAND URBAN POLICY URBAN POOR URBAN POPULATION URBAN POVERTY URBAN STUDIES URBANIZATION Welfare WELFARE EFFECTS WELFARE GAINS WILLINGNESS TO PAY World Bank |
title | Housing Policy in Developing Countries: Conjectures and Refutations |
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