The econ impact of projected affordable housing dev: does supply side matter?

Stephen Boyle (), Kevin Connolly, Peter McGregor and Mairi Spowage ()
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Stephen Boyle: Department of Economics, University of Strathclyde
Kevin Connolly: Department of Economics, University of Strathclyde
Mairi Spowage: Department of Economics, University of Strathclyde

No 2013, Working Papers from University of Strathclyde Business School, Department of Economics

Abstract: A key current objective of Scottish policymakers is to increase the availability of affordable and social housing, with an expectation that this will have both societal and economic impacts. The purpose of this paper is to evaluate the potential economic impacts of meeting the projections of affordable housing needed in Scotland to combat homelessness. Typical economic impact assessments of social housing investment have focused exclusively on the effect of expenditures on demand, using input-output models (IO). However, recently some have argued that housing, like transport, should be treated as a type of infrastructure investment that is likely also to have potential supply side impacts – such as an increase in both labour supply and productivity. In this paper, we use both IO and Computable Generable Equilibrium (CGE) models to evaluate the economic impact of social housing investment, with a particular emphasis on the supply side impacts

Keywords: Affordable housing; input-output; computable general equilibrium (search for similar items in EconPapers)
JEL-codes: D58 E16 R13 R22 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2020-09
New Economics Papers: this item is included in nep-cmp, nep-mac and nep-ure
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