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Effectiveness of the Housing Policy: A Comparative Analysis

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  • Valerii O. Omelchuk

Abstract

Introduction. The quantitative assessment of the housing policy effectiveness in the context of the solving of a housing problem gives the possibility to estimate governments programs and tools in the given area and choose the most efficient of them.Purpose. Given the lack of the scientific papers devoted quantitative assessments of housing policy, the main purpose of the given article is developing of approach for the numerical estimation the housing policy effectiveness considering the complexity and variety tools which are simultaneously used by the government to solve the housing problem.Results. Proposed four-level model of the state housing policy allows maximally consider the complexity and ambiguity of the problems which must be solved in housing sphere and takes into account market development (economic efficiency) and performance of the government non-market tools (social efficiency). Using this approach, the effectiveness in 2015 only 14.29% (maximal value 100%) and decreasing trend of the housing policy in Ukraine within 2011-2015 have been received (the effectiveness was 35.7%). The main problems in housing policy in Ukraine were determined as increasing the gap between building activities and possibilities to use of the market and non-market tools to solve housing problems by citizens. Basing on received results concluded that housing policy in the UK has the higher effectiveness than in Ukraine.Conclusions. The main problem of housing policy in Ukraine was determined as the inconsistency ofthe positive trend inbuilding activity and solving the housing problems of neediest.Received results show that experience and the practical tools which are used in the UK within housing policy will be useful to explore and implementation by Ukraine's Government. Of particular interest are the instruments of transfer of new social and private homes to rent to citizens with limited resources.

Suggested Citation

  • Valerii O. Omelchuk, 2018. "Effectiveness of the Housing Policy: A Comparative Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 383-392.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:383-392
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    References listed on IDEAS

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    1. Richard Arnott, 2008. "Housing policy in developing countries. The importance of the informal economy," Working Papers 200801, University of California at Riverside, Department of Economics, revised Jan 2008.
    2. John Y. Campbell, 2013. "Mortgage Market Design," Review of Finance, European Finance Association, vol. 17(1), pages 1-33.
    3. Christopher Davies & Valerie Fender & Barry Williams, 2010. "Recent developments in the household saving ratio," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 4(5), pages 16-24, May.
    4. Robert Collinson & Ingrid Gould Ellen & Jens Ludwig, 2015. "Low-Income Housing Policy," NBER Chapters, in: Economics of Means-Tested Transfer Programs in the United States, Volume 2, pages 59-126, National Bureau of Economic Research, Inc.
    5. Richard Arnott, 2008. "Housing Policy in Developing Countries," World Bank Publications - Books, The World Bank Group, number 28043.
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    Cited by:

    1. Sebastian Kokot, 2021. "Primary Housing Market in the Context of Wages and Creditworthiness in Selected Cities in Poland in the Years 2006-2019," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 1025-1040.

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