EBOOKI WYDAWCY
Convergence processes in the European housing markets
International and regional perspective
Wydawca:
Format:
ibuk
The goal of this monograph is to assess the course of convergence processes occurring in European housing markets and to identify the effects of this convergence. The publication is part of research on the housing sector carried out in many countries. However, it presents not only the most frequently conducted studies on price convergence but is also characterised by a broader perspective, taking into account real and institutional convergence of housing markets. An attempt has been also made to indicate the reasons for this phenomenon and its effects.
It is addressed to a wide audience: people researching the theory of economic growth, individuals professionally interested in the issues related to the functioning of real estate markets, and especially to students of programmes that have included real estate issues in their curricula.
| Liczba stron | 254 |
|---|---|
| Wydawca | Wydawnictwo Uniwersytetu Łódzkiego |
| ISBN-13 | 978-83-8220-117-8 |
| Numer wydania | 1 |
| Język publikacji | angielski |
| Informacja o sprzedawcy | ePWN sp. z o.o. |
POLECAMY
Ciekawe propozycje
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Spis treści
| Introduction | 9 |
| Part 1. Development processes of housing markets | 15 |
| Chapter 1. The housing market as part of the housing system – theoretical foundations | 17 |
| 1.1. The housing system | 17 |
| 1.2. The housing market and its determinants | 19 |
| 1.3. The social and economic dimension of the housing market | 24 |
| Chapter 2. The evolution of European housing systems in the post-war period | 43 |
| 2.1. Housing policy models | 43 |
| 2.2. Housing policy instruments | 51 |
| 2.3. Socio-economic conditions for the development of housing markets from the 1950s to the 1980s | 55 |
| 2.3.1. Post-war demographic determinants | 56 |
| 2.3.2. Size and ownership structure of the housing stock | 58 |
| 2.4. Socio-economic conditions for the development of housing markets from the 1980s to 2017 | 62 |
| 2.4.1. Demographic determinants | 62 |
| 2.4.2. Size and ownership structure of the housing stock | 64 |
| Chapter 3. The evolution of housing markets in selected EU countries | 69 |
| 3.1. The evolution of housing markets in selected EU countries from the 1950s to the 1980s | 69 |
| 3.2. The evolution of housing markets in selected EU countries from the 1980s to 2017 | 75 |
| 3.2.1. Distinctiveness of post-socialist states | 75 |
| 3.2.2. The evolution of housing markets in other countries | 90 |
| Part 2. Convergence of housing markets in European Union countries | 109 |
| Chapter 4. The essence of economic convergence and methods of its verification | 111 |
| 4.1. The concept and types of convergence | 111 |
| 4.1.1. Definitions of convergence and its essence | 111 |
| 4.1.2. Real convergence in economic theories | 113 |
| 4.1.3. Types of convergence | 115 |
| 4.2. Methods of verification of the convergence hypothesis | 117 |
| 4.2.1. Beta-convergence | 117 |
| 4.2.2. Sigma-convergence | 123 |
| 4.2.3. Relative convergence | 126 |
| 4.2.4. Gamma-convergence | 128 |
| Chapter 5. Testing for convergence across housing markets | 131 |
| 5.1. Convergence processes in housing markets – a literature review | 131 |
| 5.2. Convergence processes in housing markets – empirical verification | 135 |
| 5.2.1. The aim and scope of research | 135 |
| 5.2.2. Research methodology | 136 |
| 5.2.3. Price convergence of housing markets | 139 |
| 5.2.3.1. International dimension | 139 |
| 5.2.3.2. Regional dimension | 140 |
| 5.2.4. Non-price convergence of housing markets | 143 |
| 5.2.4.1. International dimension | 143 |
| 5.2.4.2. Regional dimension | 151 |
| 5.2.5. Conclusions | 167 |
| Part 3. Assessment of housing convergence and its effects | 169 |
| Chapter 6. Convergence of European housing markets in the context of economic convergence of the EU Member States | 171 |
| 6.1. The process of integration of European economies | 171 |
| 6.2. Economic convergence of the EU Member States | 173 |
| 6.2.1. The cohesion policy as a response to growing economic inequalities in the EU | 173 |
| 6.2.2. Economic beta-convergence among the EU Member States | 176 |
| 6.2.3. Relative convergence | 178 |
| 6.2.4. Sigma-convergence | 180 |
| 6.2.5. Conclusions | 181 |
| 6.3. Convergence of housing markets against the background of economic convergence | 182 |
| Chapter 7. An attempt to assess housing convergence and its effects | 193 |
| 7.1. Directions of changes in housing markets in the context of convergence processes | 193 |
| 7.1.1. Changes in the housing policy and the current housing situation in the EU Member States | 193 |
| 7.1.2. Convergence processes in post-socialist states | 198 |
| 7.1.3. Directions of changes at the regional level | 201 |
| 7.2. Housing convergence and the problem of social inequalities | 202 |
| 7.2.1. Directions of changes in the housing situation of households in various income groups in the years 2007 and 2017 | 202 |
| 7.2.2. Trends in housing costs in various income groups | 207 |
| 7.2.3. Trends in housing overcrowding rate in various income groups | 214 |
| 7.3. Conclusions | 225 |
| Summary | 227 |
| Literature | 231 |
| Appendix | 245 |
| List of tables | 249 |
| List of figures | 251 |
| List of graphs | 253 |