The effects of rent controls in Latin America. A century of regulations in Argentina
Fil: Jacobo, Alejandro D. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Instituto de Economía y Finanzas; Argentina.
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2024
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| Acceso en línea: | https://www.diw.de/de/diw_01.c.703750.de/publikationen/diskussionspapiere/2020_1846/the_effects_of_rent_control_in_latin_america__a_century_of_regulations_in_argentina.html http://hdl.handle.net/11086/550420 |
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I10-R141-11086-5504202024-07-05T16:01:59Z The effects of rent controls in Latin America. A century of regulations in Argentina Jacobo, Alejandro D. Kholodilin, Konstantin A. https://orcid.org/0000-0001-7165-0228 https://orcid.org/0000-0002-1424-4124 Argentina Housing rents Rent control Rental market regulation info:eu-repo/semantics/publishedVersion Fil: Jacobo, Alejandro D. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Instituto de Economía y Finanzas; Argentina. Fil: Kholodilin, Konstantin A. National Research University. Higher School of Economics; Rusia. Fil: Jacobo, Alejandro D. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro de Investigaciones y Estudios sobre Cultura y Sociedad. Centro de Investigaciones en Ciencias Económicas; Argentina. Fil: Kholodilin, Konstantin A. German Institute for Economic Research; Alemania. Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin American economy, such as Argentina. To answer this question, we take advantage of a wide range of housing market indicators and restrictive rental regulation indices covering almost one century. Using a standard OLS model and MARS, a non-linear estimation technique, we find that rental market regulations have exerted a statistically significant negative impact on the growth rates of the real housing rents. However, they were only effective for short periods following both World Wars, when regulations were novel and particularly strong. https://www.diw.de/documents/publikationen/73/diw_01.c.703744.de/dp1846.pdf info:eu-repo/semantics/publishedVersion Fil: Jacobo, Alejandro D. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Instituto de Economía y Finanzas; Argentina. Fil: Kholodilin, Konstantin A. National Research University. Higher School of Economics; Rusia. Fil: Jacobo, Alejandro D. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro de Investigaciones y Estudios sobre Cultura y Sociedad. Centro de Investigaciones en Ciencias Económicas; Argentina. Fil: Kholodilin, Konstantin A. German Institute for Economic Research; Alemania. Economía, Econometría 2024-02-05T20:14:13Z 2024-02-05T20:14:13Z 2020 article https://www.diw.de/de/diw_01.c.703750.de/publikationen/diskussionspapiere/2020_1846/the_effects_of_rent_control_in_latin_america__a_century_of_regulations_in_argentina.html http://hdl.handle.net/11086/550420 1619-4535 eng Atribución-NoComercial-CompartirIgual 4.0 Internacional http://creativecommons.org/licenses/by-nc-sa/4.0/ Electrónico y/o Digital |
| institution |
Universidad Nacional de Córdoba |
| institution_str |
I-10 |
| repository_str |
R-141 |
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Repositorio Digital Universitario (UNC) |
| language |
Inglés |
| topic |
Argentina Housing rents Rent control Rental market regulation |
| spellingShingle |
Argentina Housing rents Rent control Rental market regulation Jacobo, Alejandro D. Kholodilin, Konstantin A. The effects of rent controls in Latin America. A century of regulations in Argentina |
| topic_facet |
Argentina Housing rents Rent control Rental market regulation |
| description |
Fil: Jacobo, Alejandro D. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Instituto de Economía y Finanzas; Argentina. |
| author2 |
https://orcid.org/0000-0001-7165-0228 |
| author_facet |
https://orcid.org/0000-0001-7165-0228 Jacobo, Alejandro D. Kholodilin, Konstantin A. |
| format |
publishedVersion article |
| author |
Jacobo, Alejandro D. Kholodilin, Konstantin A. |
| author_sort |
Jacobo, Alejandro D. |
| title |
The effects of rent controls in Latin America. A century of regulations in Argentina |
| title_short |
The effects of rent controls in Latin America. A century of regulations in Argentina |
| title_full |
The effects of rent controls in Latin America. A century of regulations in Argentina |
| title_fullStr |
The effects of rent controls in Latin America. A century of regulations in Argentina |
| title_full_unstemmed |
The effects of rent controls in Latin America. A century of regulations in Argentina |
| title_sort |
effects of rent controls in latin america. a century of regulations in argentina |
| publishDate |
2024 |
| url |
https://www.diw.de/de/diw_01.c.703750.de/publikationen/diskussionspapiere/2020_1846/the_effects_of_rent_control_in_latin_america__a_century_of_regulations_in_argentina.html http://hdl.handle.net/11086/550420 |
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