Housing Policies for Asia: A Theoretical Analysis by Use of a Demand and Supply Model

Naoyuki Yoshino (), Matthias Helble and Toshiaki Aizawa
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Toshiaki Aizawa: Asian Development Bank Institute

No 526, ADBI Working Papers from Asian Development Bank Institute

Abstract: The main objective of this paper is to give an overview of the most commonly used housing policies and to illustrate their economic impact. To facilitate the analysis, we first introduce a simple two-period housing demand model for owner-occupied houses and rental houses. We then add a standard stock-flow housing supply model. Using this modelling framework, we explain the qualitative effects of various housing policies on supply and demand. In the last section of the paper, we provide a quantitative estimation of the impact of each policy and assess its effectiveness using a simple analysis of cost effectiveness. We hope that the model’s versatility makes it a simple tool for policymakers to better understand the economic consequences of various housing policies.

Keywords: view-source:http://www.adb.org/publications/housing-policies-asia-theoretical-analysis-use-demand-and-supply-model (search for similar items in EconPapers)
JEL-codes: R21 R28 R31 R38 (search for similar items in EconPapers)
Pages: 53 pages
Date: 2015-06-17
New Economics Papers: this item is included in nep-sea and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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