Buckley, Robert M.Kalarickal, Jerry2013-12-192013-12-192005-09-01World Bank Research Observerdoi:10.1093/wbro/lki007https://hdl.handle.net/10986/16401This housing policy in developing countries, conjectures and refutations article discusses housing policy in developing economies. It examines recent research findings in light of earlier arguments as to the benefits of more market-oriented approaches. It also looks at whether the recommendations of earlier work have been refuted or developed in subsequent analyses and policy measures. In particular, it reviews the empirical analysis of the effects of policy on housing supply, the richer understanding of the effects that land market regulations have on housing affordability and the functioning of urban areas, and the alleged mysterious effects that researchers claim effective property rights have on housing policy and on development more generally. It also examines the effects of the increased emphasis on community participation, showing how it helps to more fully reconcile the incentives faced by beneficiaries of housing policy and donors. Finally, it examines recent literature on the welfare effects of rent control. The article shows that some of the conjectures as to the likely benefits of more market-based policy have been refuted, but large welfare gains for poor people can still be realized by adapting this approach. Furthermore, this approach appears to be gaining ground as the consensus approach to effective housing policy.en-USCC BY-NC-ND 3.0 IGOACCESS TO LANDAFFORDABLE HOUSINGALMASYMMETRIC INFORMATIONAUTONOMYBUILDING INDUSTRYBUILDING SOCIETIESCAPITAL MARKETSCENTRAL PLANNINGCITIESCOMMON PROPERTYCOMMUNITIESCOMMUNITY FACILITIESCOMMUNITY GROUPSCOMMUNITY INVOLVEMENTCOMMUNITY PARTICIPATIONCOMPARATIVE ADVANTAGECOUNTRYSIDEDECENTRALIZATIONDEFAULT RISKDEMOGRAPHIC TRANSITIONDORMITORY TOWNSDURABLE GOODSECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC EFFECTSECONOMIC GROWTHECONOMICSEMERGING MARKETSEMPIRICAL ANALYSISEMPIRICAL BASISEMPIRICAL EVIDENCEENERGY EFFICIENCYENVIRONMENTSEUROPEAN CENTRAL BANKEXTERNALITIESFEDERAL RESERVE BANK OF BOSTONFEDERAL RESERVE BANK OF NEW YORKFINANCIAL CRISESFINANCIAL INSTITUTIONSFINANCIAL INTEGRATIONFINANCIAL MARKETSFINANCIAL RESOURCESFINANCIAL SYSTEMSHABITATHOME OWNERSHIPHOUSE PRICESHOUSEHOLDSHOUSESHOUSINGHOUSING AFFORDABILITYHOUSING CONDITIONSHOUSING DEMANDHOUSING ECONOMICSHOUSING FINANCEHOUSING FINANCE SYSTEMHOUSING FINANCE SYSTEMSHOUSING INDICATORSHOUSING LOANSHOUSING MARKETHOUSING MARKETSHOUSING POLICYHOUSING PRICESHOUSING PROBLEMSHOUSING PROGRAMSHOUSING PROJECTSHOUSING RESEARCHHOUSING STANDARDSHOUSING SUBSIDIESHOUSING SUPPLYHOUSING UNITSHOUSING VOUCHERSHUMAN SETTLEMENTSINCOMEINCOME ELASTICITYINFLATIONINFLATION RATESINFORMAL HOUSINGINSURANCEINTEREST RATESINTERVENTIONSLAND DEVELOPMENTLAND ECONOMICSLAND SUPPLYLAND TENURELAND USELEGAL FRAMEWORKLOCAL GOVERNMENTMASS TRANSITMAYORSMETROPOLITAN AREASMICROFINANCEMORTGAGEMORTGAGE CREDITMORTGAGE DEFAULTMORTGAGE DEFAULT RISKMORTGAGE FINANCEMORTGAGE LENDINGMORTGAGE MARKETSMORTGAGE SECURITIESMUNICIPALITIESPATENTSPERFECT INFORMATIONPOLICY ENVIRONMENTPOLITICAL ECONOMYPOPULATION DENSITIESPOPULATION GROWTHPOVERTY REDUCTIONPRIVATE HOUSINGPRIVATE PROPERTYPRIVATIZATIONPROPERTY RIGHTSPUBLICPUBLIC CHOICEPUBLIC GOODSPUBLIC GOVERNANCEPUBLIC HOUSINGPUBLIC OWNERSHIPPUBLIC POLICIESPUBLIC POLICYPUBLIC RESOURCESPUBLIC SECTORPUBLIC SECTOR INTERVENTIONSREAL ESTATEREAL ESTATE MARKETSREGIONAL DEVELOPMENTREGULATORY FRAMEWORKRENT CONTROLRENTSRESIDENCESRESIDENTIAL AREASRESIDENTIAL PROPERTYRESIDENTIAL REAL ESTATERESOURCE ALLOCATIONRESOURCE MOBILIZATIONRESOURCE USERURAL AREASSAFETYSAVINGSSECURITIESSECURITIZATIONSETTLEMENTSETTLEMENT PATTERNSSHELTERSLUMSLUMSSOCIAL SAFETY NETSSPATIAL PATTERNSSQUATTERSQUATTER SETTLEMENTSSTATE GOVERNMENTSSTRUCTURAL CONDITIONSSTRUCTURAL FACTORSSUBSIDIZED HOUSINGSUBURBSSUSTAINABLE DEVELOPMENTTECHNICAL ASSISTANCETENANCYTRANSITION ECONOMIESTRANSPORTURBAN AREASURBAN DEVELOPMENTURBAN ECONOMIESURBAN ECONOMYURBAN HOUSINGURBAN LANDURBAN POLICYURBAN POORURBAN POPULATIONURBAN POVERTYURBAN STUDIESURBANIZATIONWELFARE EFFECTSWELFARE GAINSWILLINGNESS TO PAYJournal ArticleWorld Bank10.1596/16401