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The Limits and Potentials of the Housing Market Enabling Paradigm: An Evaluation of China's Housing Policies from 1998 to 2011

机译:住房市场扶持范式的局限性和潜力:对1998年至2011年中国住房政策的评价

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摘要

This paper examines the housing policies in China in the last 14 years in the context of the international debate on the World Bank's housing market enabling strategy to improve low-income housing provision in developing countries. A review of China's urban housing outcomes reveals housing price inflation and shortage of affordable housing in the fast expanding housing market. The paper analyzes policies to increase both demand for and supply of housing and argues that these policies have contributed to worsening affordability. This situation has been exacerbated by problems in the institutional framework managing the housing sector. The paper concludes that market enabling alone is not sufficient to achieve a satisfactory housing outcome for low- and middle-income groups in Chinese cities. It advocates more effective and direct public intervention for enhancing social housing provision and tightening market regulation to address both market and government failures to improve housing conditions for lower income groups.
机译:本文在世界银行住房市场扶持战略国际辩论的背景下,研究了过去14年中国的住房政策,以改善发展中国家的低收入住房供给。对中国城市住房结果的回顾表明,在快速增长的住房市场中,住房价格上涨和负担得起的住房短缺。该论文分析了增加住房供求的政策,并认为这些政策加剧了住房负担能力。管理住房部门的体制框架中的问题使这种情况更加恶化。本文的结论是,仅凭市场支持不足以为中国城市的中低收入群体带来令人满意的住房结果。它主张采取更有效和直接的公共干预措施,以加强社会住房供应并加强市场监管,以应对市场和政府未能改善低收入群体住房条件的情况。

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