The effects of rent controls in Latin America. A century of regulations in Argentina

Autores
Jacobo, Alejandro D.; Kholodilin, Konstantin A.
Año de publicación
2020
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
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
Materia
Argentina
Housing rents
Rent control
Rental market regulation
Nivel de accesibilidad
acceso abierto
Condiciones de uso
Repositorio
Repositorio Digital Universitario (UNC)
Institución
Universidad Nacional de Córdoba
OAI Identificador
oai:rdu.unc.edu.ar:11086/550420
Acceder
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oai_identifier_str oai:rdu.unc.edu.ar:11086/550420
network_acronym_str RDUUNC
repository_id_str 2572
network_name_str Repositorio Digital Universitario (UNC)
spelling The effects of rent controls in Latin America. A century of regulations in ArgentinaJacobo, Alejandro D.Kholodilin, Konstantin A.ArgentinaHousing rentsRent controlRental market regulationFil: 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.pdfinfo:eu-repo/semantics/publishedVersionFil: 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, Econometríahttps://orcid.org/0000-0001-7165-0228https://orcid.org/0000-0002-1424-41242020info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfhttps://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.htmlhttp://hdl.handle.net/11086/5504201619-4535enginfo:eu-repo/semantics/openAccessreponame:Repositorio Digital Universitario (UNC)instname:Universidad Nacional de Córdobainstacron:UNC2025-09-04T12:32:48Zoai:rdu.unc.edu.ar:11086/550420Institucionalhttps://rdu.unc.edu.ar/Universidad públicaNo correspondehttp://rdu.unc.edu.ar/oai/snrdoca.unc@gmail.comArgentinaNo correspondeNo correspondeNo correspondeopendoar:25722025-09-04 12:32:49.043Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdobafalse
dc.title.none.fl_str_mv The effects of rent controls in Latin America. A century of regulations in Argentina
title The effects of rent controls in Latin America. A century of regulations in Argentina
spellingShingle The effects of rent controls in Latin America. A century of regulations in Argentina
Jacobo, Alejandro D.
Argentina
Housing rents
Rent control
Rental market regulation
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 The effects of rent controls in Latin America. A century of regulations in Argentina
dc.creator.none.fl_str_mv Jacobo, Alejandro D.
Kholodilin, Konstantin A.
author Jacobo, Alejandro D.
author_facet Jacobo, Alejandro D.
Kholodilin, Konstantin A.
author_role author
author2 Kholodilin, Konstantin A.
author2_role author
dc.contributor.none.fl_str_mv https://orcid.org/0000-0001-7165-0228
https://orcid.org/0000-0002-1424-4124
dc.subject.none.fl_str_mv Argentina
Housing rents
Rent control
Rental market regulation
topic Argentina
Housing rents
Rent control
Rental market regulation
dc.description.none.fl_txt_mv 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
description Fil: Jacobo, Alejandro D. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Instituto de Economía y Finanzas; Argentina.
publishDate 2020
dc.date.none.fl_str_mv 2020
dc.type.none.fl_str_mv info:eu-repo/semantics/publishedVersion
info:eu-repo/semantics/article
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
status_str publishedVersion
format article
dc.identifier.none.fl_str_mv 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
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
identifier_str_mv 1619-4535
dc.language.none.fl_str_mv eng
language eng
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dc.format.none.fl_str_mv application/pdf
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instname_str Universidad Nacional de Córdoba
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