Official Protection Housing as a policy tool in the autonomous communities. An empirical analysis during the period 2008-2022
DOI:
https://doi.org/10.17561/ree.n2.2023.7852Keywords:
officially subsidised housing, GDP, average wage, employment rate, panel dataAbstract
This paper includes an analysis of officially subsidised housing as a policy tool in the Autonomous Communities. In particular, a set of determining factors that may be predominant in this type of housing in the country during the period 2008-2022 have been analysed. Thus, through a data panel for the Autonomous Communities, we can conclude that, although there is a positive and significant association between subsidised housing and free housing, in the case of other macroeconomic factors such as Gross Domestic Product (GDP) pc and the average wage, these negatively influence the evolution of the subsidised housing. This can be interpreted as that in times of higher levels of GDP pc and higher average wages, the greater demand for housing makes promotion tend to focus on free housing rather than subsidized housing. In any case, we find significance in the total promotion of housing over the promotion of subsidized housing. Taking into account the incentives that can be provided to encourage the creation of a public housing stock in the long term, a significant result is that the promotion of subsidised housing, in any of its forms, is due more to the will of the public authorities than to environment macroeconomic variables.
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