A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
One hundred years of rent control in Argentina: much ado about nothing
https://orcid.org/0000-0001-7165-0228
Abstract Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin American economy, such as Argentina. To answer this question, we take advantage of a wide range of housing market indicators and restrictive rental regulation indices covering almost one century. Using a standard OLS model and MARS, a nonlinear estimation technique, we find that rental market regulations have exerted a statistically significant negative impact on the growth rates of the real housing rents. However, they were only effective for short periods following both World Wars, when regulations were novel and particularly strong.
One hundred years of rent control in Argentina: much ado about nothing
https://orcid.org/0000-0001-7165-0228
Abstract Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin American economy, such as Argentina. To answer this question, we take advantage of a wide range of housing market indicators and restrictive rental regulation indices covering almost one century. Using a standard OLS model and MARS, a nonlinear estimation technique, we find that rental market regulations have exerted a statistically significant negative impact on the growth rates of the real housing rents. However, they were only effective for short periods following both World Wars, when regulations were novel and particularly strong.
One hundred years of rent control in Argentina: much ado about nothing
https://orcid.org/0000-0001-7165-0228
Abstract Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin American economy, such as Argentina. To answer this question, we take advantage of a wide range of housing market indicators and restrictive rental regulation indices covering almost one century. Using a standard OLS model and MARS, a nonlinear estimation technique, we find that rental market regulations have exerted a statistically significant negative impact on the growth rates of the real housing rents. However, they were only effective for short periods following both World Wars, when regulations were novel and particularly strong.
One hundred years of rent control in Argentina: much ado about nothing
Jacobo, Alejandro D. (author) / Kholodilin, Konstantin A. (author)
2022
Article (Journal)
Electronic Resource
English
Defining Disease: Much Ado about Nothing?
| British Library Conference Proceedings | 2001
The Unsung "Hero" in Much Ado About Nothing
| British Library Conference Proceedings | 2004
Nullsummenspiel Jeu de sommes nulles "Much Ado about Nothing"
British Library Online Contents | 1996
Including aviation emissions in the EU ETS: Much ado about nothing? A review
| Online Contents | 2010