EconPapers    
Economics at your fingertips  
 

Housing Finance Policy under Dutch Disease Pressure: The Mortgage Market in Trinidad and Tobago

Sebastian Auguste (), Ramiro Moya and Sandra Sookram

No 4745, Research Department Publications from Inter-American Development Bank, Research Department

Abstract: This work analyzes housing finance in Trinidad and Tobago during the last 20 years. The period covered is influenced by an economic bonanza led by the energy sector. Housing prices in this period skyrocketed, but the demand for mortgage loans was low. The results suggest that this is explained by affordability problems in the dynamics of the new post-shock equilibrium, as housing prices increased more rapidly than wages. Public housing finance also played a role, but in recent times it has been more prudently managed than during the previous boom of the 1970s.

JEL-codes: N96 R2 R28 (search for similar items in EconPapers)
Date: 2011-12
New Economics Papers: this item is included in nep-ure
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.iadb.org/research/pub_hits.cfm?pub_id=36577576 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.iadb.org/research/pub_hits.cfm?pub_id=36577576 [301 Moved Permanently]--> https://www.iadb.org/research/pub_hits.cfm?pub_id=36577576)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:idb:wpaper:4745

Access Statistics for this paper

More papers in Research Department Publications from Inter-American Development Bank, Research Department Contact information at EDIRC.
Bibliographic data for series maintained by Felipe Herrera Library ().

 
Page updated 2022-08-11
Handle: RePEc:idb:wpaper:4745