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Article: A Comparison of Housing Welfare Policies among Major Asian Countries in the Modern Era

TitleA Comparison of Housing Welfare Policies among Major Asian Countries in the Modern Era
Authors
KeywordsEconomic Crises
East Asia
Housing Welfare Policy
Rental Subsidy
Home Ownership Policy
Issue Date2013
PublisherLand and Housing Institute. The Journal's web site is located at http://lhi.lh.or.kr
Citation
LHI Journal of land, Housing and Urban Affairs, 2013, v. 4 n. 1, p. 23-31 How to Cite?
AbstractThe regional economic crises in the late 1990s and the global economic crisis in the late 2000s had reduced the differences in housing policies among the major Asian economies. This paper attempts to explain and compare housing welfare policy shifts between subsidizing home owning and subsidized renting from the perspectives of the economic and social roles of housing, the lock-in effect of policy processes, and the welfare provision strategy of the East Asian economies. It argues that the impact of economic crises on housing welfare policy in East Asia depended on the duration and the intensity of the crisis and the length and severity of the subsequent economic depression. Another important factor was the role of housing in the economic and social development, especially whether housing market development was considered as an engine of economic growth or revival, and whether the tools of housing policy caused the economic crisis. The loss of impetus for home ownership drive and the new emphasis on rental subsidy provision are new policy trends. Nonetheless, the economic revival since mid-2009 has caused the re-introduction of home ownership subsidies for quenching the housing affordability problems and enhancing home ownership making use of the strong economic conditions.
Persistent Identifierhttp://hdl.handle.net/10722/190523
ISSN

 

DC FieldValueLanguage
dc.contributor.authorChiu, RLHen_US
dc.date.accessioned2013-09-17T15:27:00Z-
dc.date.available2013-09-17T15:27:00Z-
dc.date.issued2013en_US
dc.identifier.citationLHI Journal of land, Housing and Urban Affairs, 2013, v. 4 n. 1, p. 23-31en_US
dc.identifier.issn2093-8829-
dc.identifier.urihttp://hdl.handle.net/10722/190523-
dc.description.abstractThe regional economic crises in the late 1990s and the global economic crisis in the late 2000s had reduced the differences in housing policies among the major Asian economies. This paper attempts to explain and compare housing welfare policy shifts between subsidizing home owning and subsidized renting from the perspectives of the economic and social roles of housing, the lock-in effect of policy processes, and the welfare provision strategy of the East Asian economies. It argues that the impact of economic crises on housing welfare policy in East Asia depended on the duration and the intensity of the crisis and the length and severity of the subsequent economic depression. Another important factor was the role of housing in the economic and social development, especially whether housing market development was considered as an engine of economic growth or revival, and whether the tools of housing policy caused the economic crisis. The loss of impetus for home ownership drive and the new emphasis on rental subsidy provision are new policy trends. Nonetheless, the economic revival since mid-2009 has caused the re-introduction of home ownership subsidies for quenching the housing affordability problems and enhancing home ownership making use of the strong economic conditions.-
dc.languageengen_US
dc.publisherLand and Housing Institute. The Journal's web site is located at http://lhi.lh.or.kr-
dc.relation.ispartofLHI Journal of land, Housing and Urban Affairsen_US
dc.subjectEconomic Crises-
dc.subjectEast Asia-
dc.subjectHousing Welfare Policy-
dc.subjectRental Subsidy-
dc.subjectHome Ownership Policy-
dc.titleA Comparison of Housing Welfare Policies among Major Asian Countries in the Modern Eraen_US
dc.typeArticleen_US
dc.identifier.emailChiu, RLH: rlhchiu@hku.hken_US
dc.identifier.authorityChiu, RLH=rp00997en_US
dc.identifier.doi10.5804/LHIJ.2013.4.1.023-
dc.identifier.hkuros224645en_US
dc.identifier.volume4en_US
dc.identifier.issue1-
dc.identifier.spage23en_US
dc.identifier.epage31en_US
dc.publisher.placeKorea-

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