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
Hauptverfasser: Buckley, Robert M., Kalarickal, Jerry
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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><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 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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>
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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
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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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