Edificación residencial, crowding out y política de viviendas

  1. Montserrat Díaz 1
  2. Mar Llorente 1
  3. Paloma Taltavull 2
  1. 1 Universidad de Oviedo (España)
  2. 2 Universidad de Alicante (España)
Journal:
Cuadernos económicos de ICE

ISSN: 0210-2633

Year of publication: 2015

Issue Title: La vivienda tras la crisis finanaciera global: nueva visión viejos problemas

Issue: 90

Pages: 175-206

Type: Article

DOI: 10.32796/CICE.2015.90.6112 DIALNET GOOGLE SCHOLAR lock_openOpen access editor

More publications in: Cuadernos económicos de ICE

Abstract

His paper analyses the existence of crowding effects between the public and private housing cycles in eight selected Spanish provinces. It identifies the crowding out and crowding in effects in private house development cycle when incentives to public unit construction appears. Using autorregressive Vector and cointegration methodologies, the exercise allows to estimate the influence and causality in two directions, that is, how any impulse in private hose-building affect to public house starts and how public incentives constructing dweelings can push the private construction. The paper finds the existence of crowding out effects between public towards private house-building in Cáceres and Madrid; similar effects but in the inverse direction have been found in Vizcaya where the private building is crowding in public house-building. There is no crowding effect, in any direction, identified in Guadalajara and Zaragoza and there is a strong two-directions crowding-in effect reinforcing house-building in Alicante.

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