Does UK social housing affect housing prices and economic growth? An application of the ARDL model

Chorley, F. and Liu, C. ORCID: 0000-0003-3770-4821, 2020. Does UK social housing affect housing prices and economic growth? An application of the ARDL model. Economic Issues. (Forthcoming)

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Abstract

This paper aims to establish a relationship between social housing, house prices and the whole economy using ARDL models. We find that there is a negative relationship between social housing and house prices in the short run but no evidence in the long term. Additionally, social housing was found inversely related to the economic growth of the UK economy in the long run but not in the short run. Based on these findings, increasing social housing can benefit younger families with affordability issues in the short term without causing any long-term concerns in the housing market. However, it does not help economic growth in the long run. Therefore, the government should consider a balance of trade-off between the housing market and the whole economy.

JEL Classification: R31, R38, O18.

Item Type: Journal article
Publication Title: Economic Issues
Creators: Chorley, F. and Liu, C.
Publisher: Economic Issues Education Trust
Date: 22 December 2020
Identifiers:
NumberType
1397421Other
Divisions: Schools > Nottingham Business School
Record created by: Linda Sullivan
Date Added: 11 Mar 2021 10:23
Last Modified: 31 May 2021 15:05
URI: http://irep.ntu.ac.uk/id/eprint/42485

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