IDEAS home Printed from https://ideas.repec.org/a/bla/revurb/v1y1989i1p3-22.html
   My bibliography  Save this article

COMPOUNDING FINANCIAL REPRESSION WITH RIGID URBAN REGULATIONS: Lessons of the Korean Housing Market

Author

Listed:
  • Bertrand Renaud

Abstract

This paper explores the interactions between financial and urban policies, and their joint impact on the performance of the housing sector during the course of economic development. The central hypothesis is that extended periods of financial repression and the scarcity of mortgage lending have generated significant distortions in the output of the Korean housing sector. In addition, combined with very restrictive urban planning and land use regulations, this financial situation may have led to under†investment in the urban sector of Korea during much of the past two decades.

Suggested Citation

  • Bertrand Renaud, 1989. "COMPOUNDING FINANCIAL REPRESSION WITH RIGID URBAN REGULATIONS: Lessons of the Korean Housing Market," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 1(1), pages 3-22, January.
    • Handle: RePEc:bla:revurb:v:1:y:1989:i:1:p:3-22
    DOI: 10.1111/j.1467-940X.1989.tb00001.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-940X.1989.tb00001.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-940X.1989.tb00001.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kim, Jinwon, 2013. "Financial repression and housing investment: An analysis of the Korean chonsei," Journal of Housing Economics, Elsevier, vol. 22(4), pages 338-358.
    2. Kim, Kyung-Hwan, 2004. "Housing and the Korean economy," Journal of Housing Economics, Elsevier, vol. 13(4), pages 321-341, December.
    3. Klaas Kresse & Erwin van der Krabben, 2021. "Housing Supply Limitations, Land Readjustment and the Ecological Performance of the Urban Landscape," Sustainability, MDPI, vol. 13(17), pages 1-24, August.
    4. Kresse, Klaas & van der Krabben, Erwin, 2022. "Rapid urbanization, land pooling policies & the concentration of wealth," Land Use Policy, Elsevier, vol. 116(C).
    5. Kim, Kyung-Hwan & Park, Miseon, 2016. "Housing Policy in the Republic of Korea," ADBI Working Papers 570, Asian Development Bank Institute.
    6. Kyung-Hwan Kim & Miseon Park, 2016. "Housing Policy in the Republic of Korea," Working Papers id:10751, eSocialSciences.
    7. Moon, Byunggeor, 2018. "Housing investment, default risk, and expectations: Focusing on the chonsei market in Korea," Regional Science and Urban Economics, Elsevier, vol. 71(C), pages 80-90.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:revurb:v:1:y:1989:i:1:p:3-22. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0917-0553 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.