One hundred years of rent control in Argentina

Much ado about nothing

Dados Bibliográficos

ID12820109
AutoresAlejandro D Jacobo (0000-0002-1424-4124, Universidad Nacional de Córdoba), Konstantin A Kholodilin (0000-0001-7165-0228, German Institute for Economic Research, autor correspondente)
Ano2022
Volume37
Fascículo4
Páginas1923-1970
Data de publicação2022-02-08
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoJournal of Housing and the Built Environment (JOURNAL)
Identificadores do periódicoISSN: 1566-4910 • E-ISSN: 1573-7772
EditoraSpringer Science+Business Media (PUBLISHER • DE)
DOI10.1007/s10901-022-09932-6
PMID36438627
OpenAlexW4210881837
IdiomaEN
Citações recebidas5
Referências citadas24

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 nonlinear 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

Blame · Control (management · Economic growth · Economic rent · Economics · Eviction · Labour economics · Market economy · Politics · Rationing · Rent-seeking · Rental housing · Renting · Housing Market and Economics · Housing, Finance, and Neoliberalism · Law · Urban and Rural Development Challenges