Journal article
What Have African Housing Policies Wrought?
Real estate economics, Vol.24(2), pp.133-160
1996
DOI: 10.1111/1540-6229.00684
Abstract
This paper is a review of contemporary African housing markets, particularly the consequences of current housing policies. Overall, we conclude that the resource allocation which results from the current housing policies are quite contrary to their intended objectives. Many of the policies are suspect both in terms of underlying economic rational and realistic economic achievement. In many respects these policies have discouraged housing investment and have been both inequitable and distortional. In rethinking these policies, our prescription is that since the private sector has efficiently provided the majority of the housing in the past, African governments must disengage themselves from direct production of housing. They must deregulate the housing markets and provide the right incentives so as to realign the risks and rewards of investment in housing and permit private production to flourish.
Details
- Title: Subtitle
- What Have African Housing Policies Wrought?
- Creators
- Stephen Malpezzi - University of Wisconsin–MadisonJ Sa-Aadu - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Real estate economics, Vol.24(2), pp.133-160
- DOI
- 10.1111/1540-6229.00684
- ISSN
- 1080-8620
- eISSN
- 1540-6229
- Language
- English
- Date published
- 1996
- Academic Unit
- Finance
- Record Identifier
- 9984380549902771
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