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The econ impact of projected affordable housing dev: does supply side matter?

Author

Listed:
  • Stephen Boyle

    (Department of Economics, University of Strathclyde)

  • Kevin Connolly

    (Department of Economics, University of Strathclyde)

  • Peter G McGregor

    (Department of Economics, University of Strathclyde)

  • Mairi Spowage

    (Department of Economics, University of Strathclyde)

Abstract

A key current objective of Scottish policymakers is to increase the availability of affordable and social housing, with an expectation that this will have both societal and economic impacts. The purpose of this paper is to evaluate the potential economic impacts of meeting the projections of affordable housing needed in Scotland to combat homelessness. Typical economic impact assessments of social housing investment have focused exclusively on the effect of expenditures on demand, using input-output models (IO). However, recently some have argued that housing, like transport, should be treated as a type of infrastructure investment that is likely also to have potential supply side impacts – such as an increase in both labour supply and productivity. In this paper, we use both IO and Computable Generable Equilibrium (CGE) models to evaluate the economic impact of social housing investment, with a particular emphasis on the supply side impacts

Suggested Citation

  • Stephen Boyle & Kevin Connolly & Peter G McGregor & Mairi Spowage, 2020. "The econ impact of projected affordable housing dev: does supply side matter?," Working Papers 2013, University of Strathclyde Business School, Department of Economics.
    • Handle: RePEc:str:wpaper:2013
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    File URL: https://www.strath.ac.uk/media/1newwebsite/departmentsubject/economics/research/researchdiscussionpapers/20-13_-_Kevin_Connolly_et_al_-_combined.pdf
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    References listed on IDEAS

    as
    1. Tobias Emonts-Holley & Alastair Greig & Patrizio Lecca & Katerina Lisenkova & Peter G. McGregor & J. Kim Swales, 2019. "A Scandinavian ‘high-tax, high-spend’ model for regions? The impact of enhanced regional fiscal autonomy," Spatial Economic Analysis, Taylor & Francis Journals, vol. 14(3), pages 321-338, July.
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      More about this item

      Keywords

      Affordable housing; input-output; computable general equilibrium;
      All these keywords.

      JEL classification:

      • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
      • E16 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Social Accounting Matrix
      • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
      • R22 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other Demand

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