REGIONAL PATTERN OF HOUSING FUND OVERHAULING

National and Regional Housing Patterns

R esidential investment is one of the most volatile components of GDP. Coming out of a recession, it is not uncommon for residential investment to jump by more than 20 percent in a year. Going into a recession, it may fall by a similar fraction. Thus, while residential investment accounts for just 4 percent of GDP, it can have a disproportionate influence at critical junctures. Fluctuations in ...

Housing assistance and regional disadvantage

Compensation of Regional Unemployment in Housing Markets

Why are regional unemployment differentials in Europe so persistent if, as the wage curve literature demonstrates, there is no compensation in labour markets? We hypothesize that workers in high-unemployment regions are compensated in housing markets. Modelling regional unemployment differentials as a consequence of centralized wage bargaining, we show that clearing of land markets may undo the...

Singapore: Social Development, Housing and the Central Provident Fund

In the last two decades, the European welfare states have been criticised for failing to address problems of unemployment and poverty. It is also claimed that Western welfare statism is too expensive, and that it has harmed economic development (Feldstein, 1974; Mishra, 1984, 1990; Pierson, 1995; Buti, Franco & Pench, 1999). In many industrial countries, government programmes have been trimmed ...

The role of housing in small cities in the approach of regional development

House is considered not only as one of the main needs of human beings but also as one of the best determining characteristics of living standard. Housing shortages is one of the most acute problems next to the rapid growth of the large cities and their suburbs in developing countries. These cities take all the opportunities, services and the funds Which a country has to offer,, Despite this ...