Six types of government policies and housing prices in China

2022 ◽  
pp. 105764
Author(s):  
Zhining Hu
Keyword(s):  
Housing Prices ◽  
Government Policies

News shocks, government subsidies and housing prices in Brazil

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Cássio Besarria ◽  
Marcelo Silva ◽  
Diego Jesus
Keyword(s):  
Real Estate ◽  
Interest Rates ◽  
Housing Prices ◽  
Financial Sector ◽  
Government Policies ◽  
Housing Sector ◽  
Dsge Model ◽  
News Shocks ◽  
Content Type ◽  
Real Estate Prices

Purpose In recent years, housing prices in Brazil have shown a surprising growth. An important issue is trying to understand what elements can explain this behavior. This study aims to investigate the hypothesis that a generalized optimism associated with government policies directed to the housing sector may be behind the behavior of real estate prices. This study develops a dynamic stochastic general equilibrium (DSGE) model to investigate these issues. The results showed that subsidies combined with the easing of credit conditions were able to positively influence real estate prices. Moreover, unanticipated shocks had a greater impact on housing prices than anticipated shocks. Design/methodology/approach The DSGE model was developed to analyze the relationship between economic agents’ expectations about future economic developments, also known in the literature as “news shocks,” expansionary fiscal policy and housing prices in Brazil. The economy is composed of families, entrepreneurs, final goods firms, a financial sector and a fiscal authority. Families are divided into two groups: patients or savers and impatient or debtors. They differ in terms of their intertemporal discount factors. Both provide labor for firms producing non-durable goods. Impatient families are restricted in the amount of borrowing they can take. The production side of economy model is given by the consumer goods production sector. The financial sector is composed of a representative bank that pays the deposits made by patient families and channels resources for the granting of housing loans with the accumulation of assets subject to regulatory restrictions. Findings The results show that both price subsidies and subsidized interest rates exerted a positive influence on housing prices in Brazil. In response to a housing demand shock, housing prices display a greater increase the greater are the subsidies to low income families. The authors show that anticipated shocks have a larger impact on housing prices than unexpected shocks. Therefore, the results support the idea that the wave of good news, optimistic behavior and government policies aimed at the housing sector were behind the behavior of housing prices in Brazil. Originality/value There are some studies applied to the Brazilian economy that mention some of these stimuli. In this study, the authors focused on studies proposed by Mendonça et al. (2011), Mendonça (2013), Silva et al. (2014) and Besarria et al. (2016). In general, the authors show that there is a negative relationship between monetary policy instruments and real estate prices. This paper differs from these authors by considering the effects of government subsidies, subsidized interest rates and anticipated shocks from a DSGE model, thus explicitly addressing their effects on housing prices in Brazil.

scholarly journals Government Policies and Private Housing Prices in Singapore

Urban Studies ◽  
1997 ◽  
Vol 34 (11) ◽  
pp. 1819-1829 ◽  
Author(s):  
Sock-Yong Phang ◽  
Wing-Keung Wong
Keyword(s):  
Housing Prices ◽  
Government Policies ◽  
Private Housing

House price revival may drag on Israel’s economy

2022 ◽  
Keyword(s):  
Urban Areas ◽  
Housing Prices ◽  
House Price ◽  
Housing Affordability ◽  
Government Policies ◽  
Infrastructure Development ◽  
Short Term ◽  
Political Issue ◽  
Content Type ◽  
Price Increases

Significance Short-term government policies have consistently failed to contain price increases, much less lower them. As a result, sharply rising housing prices over more than a decade have raised costs for many families. Impacts The growing need to meet climate change-related targets may slow the infrastructure development needed to expand housing supply. Housing affordability could re-emerge as a major political issue. The post-pandemic era may spur changes to the housing market, easing price pressures in urban areas that experienced the sharpest increases.

Government Policies, Residential Mortgage Defaults and the Boom and Bust Cycle of Housing Prices

2014 ◽  
Vol 42 (3) ◽  
pp. 627-661 ◽  
Author(s):  
Marius Ascheberg ◽  
Robert A. Jarrow ◽  
Holger Kraft ◽  
Yildiray Yildirim
Keyword(s):  
Housing Prices ◽  
Government Policies ◽  
Residential Mortgage ◽  
Boom And Bust ◽  
Boom And Bust Cycle ◽  
Mortgage Defaults

Markets for Purchased Farm Inputs

2005 ◽  
pp. 60-71
Author(s):  
E. Serova ◽  
O. Shick
Keyword(s):  
Agricultural Policy ◽  
Financial Constraints ◽  
Information Sources ◽  
Animal Feed ◽  
Government Policies ◽  
Market Institutions ◽  
Policy Makers ◽  
Government Organizations ◽  
The Impact ◽  
Farm Inputs

Russian policy makers argue that agriculture suffers from decapitalization due to financial constraints faced by producers. This view is the basis for the national agricultural policy, which emphasizes reimbursement of input costs and substitutes government and quasi-government organizations for missing market institutions. The article evaluates the availability of purchased farm inputs, the efficiency of their use, the main problems in the emergence of market institutions, and the impact of government policies. The analysis focuses on five groups of purchased inputs: farm machinery, fertilizers, fuel, seeds, and animal feed. The information sources include official statistics and data from two original surveys.

Tourism awareness as a tourism development strategy: status of the issue

2020 ◽  
Vol 13 (9) ◽  
Author(s):  
M.I. Rosas-Jaco ◽  
S.X. Almeraya-Quintero ◽  
L.G. Guajardo-Hernández
Keyword(s):  
Development Strategy ◽  
Design Methodology ◽  
Local Development ◽  
Local Population ◽  
Host Community ◽  
Government Policies ◽  
Training Manual ◽  
Environmental Development ◽  
Main Engine ◽  
The Relationship

Objective: Tourism has become the main engine of economic, social and environmental development in several countries, so promoting tourism awareness among tourists and the local population should be a priority. The present study aims to suggest a status of the research carried out on the topic of tourism awareness. Design / methodology / approach: The type of analysis is through a retrospective and exploratory bibliometric study. The analysis materials were scientific articles and a training manual published between 2000 and 2020, registered by Scopus, Emerald insight and Dialnet, using “tourism awareness” as the keyword. Results: When considering the three senses in which tourism awareness ought to operate, it is concluded that studies are more focused on the relationship and contact of the host community with the tourist. It is observed that four out of six articles in this sense consider that education, training, and government policies around tourism awareness should be developed in a better way in the destinations, in order to be an element that contributes to the development of communities and reduces poverty in developing countries. Study limitations / implications: It is considered a limitation not to include thesis dissertations. Findings / conclusions: It is necessary to make visible the importance of tourism awareness as a local development strategy for communities, in addition to including tourism awareness on the part of tourists.

Housing Inflation: Policy Guidelines from Shariah Perspective

2019 ◽  
Vol 16 (1) ◽  
pp. 70-81
Author(s):  
Azrul Azlan Iskandar Mirza ◽  
Asmaddy Haris ◽  
Ainulashikin Marzuki ◽  
Ummi Salwa Ahmad Bustamam ◽  
Hamdi Hakiem Mudasir ◽  
...  
Keyword(s):  
Content Analysis ◽  
Housing Prices ◽  
Construction Materials ◽  
Housing Price ◽  
Developed Countries ◽  
Control Element ◽  
Recent Issue ◽  
Analysis Methodology ◽  
The Government ◽  
Developing And Developed Countries

The soaring housing prices in Malaysia is not a recent issue. It is a global phenomenon especially in developing and developed countries, driven by factors including land price, location, construction materials cost, demand, and speculation. This issue demands immediate attention as it affects the younger generation, most of whom could not afford to buy their own house. The government has taken many initiatives and introduced regulations to ensure that housing prices are within the affordable range. This article aims to introduce a housing price control element from the Shariah perspective, as an alternative solution for all parties involved in this issue. It adopts content analysis methodology on policy from Shariah approved sources.

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