Economic Evaluation of Housing Subsidy Systems : A Methodology with Application to Morocco
Most countries do not use one single type of housing subsidy but combine many of them. The author provides operational criteria that allow evaluation of systems of housing subsidies, both at the individual program level and at the aggregate (country) level. The author examines the public finance ass...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/02/5642303/economic-evaluation-housing-subsidy-systems-methodology-application-morocco http://hdl.handle.net/10986/8882 |
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okr-10986-88822021-04-23T14:02:42Z Economic Evaluation of Housing Subsidy Systems : A Methodology with Application to Morocco le Blanc, David ACCOUNTABILITY ACCOUNTING BANKING SYSTEM CAPITAL GAINS COMPENSATING VARIATION CONSTRUCTION COUNTRY COMPARISONS CROWDING OUT CURRENT EXPENDITURES DEFICITS DEMAND CURVES DEVELOPED COUNTRIES DISTRIBUTION OF INCOME ECONOMIC EFFECTS ECONOMIC EFFICIENCY ECONOMIC IMPACT ECONOMIC SITUATION ECONOMICS EMPLOYMENT EQUILIBRIUM EQUILIBRIUM MODELS EQUIVALENT VARIATION EVALUATION CRITERIA EVASION FINANCIAL MARKETS GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION HOME OWNERSHIP HOUSING HOUSING CONSTRUCTION HOUSING DEMAND HOUSING FINANCE HOUSING POLICIES HOUSING POLICY HOUSING PRICES HOUSING SUBSIDIES HOUSING SUPPLY HOUSING VOUCHERS INCENTIVES/ INCOME DISTRIBUTION INDIRECT COST INTEREST RATES LARGE CITIES LOCAL AUTHORITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MACROECONOMIC STABILITY MARKET PRICES MORTGAGE INTEREST RATES MORTGAGE MARKETS POLICY MAKERS POSITIVE EXTERNALITIES PRIVATE SECTOR PRODUCERS PROVISIONS PUBLIC FINANCE PUBLIC HOUSING PUBLIC SECTOR PUBLIC SPENDING RENT CONTROL RENTAL HOUSING RENTS SOCIAL COSTS STATE INTERVENTION STRUCTURAL DEFICITS TAX TAX RATES TAX REVENUES TAX SUBSIDIES TAX SYSTEMS TAXATION TRANSPARENCY TRANSPORT UNEMPLOYMENT UP FRONT SUBSIDIES URBAN DEVELOPMENT UTILITIES WELFARE GAINS ZONING Most countries do not use one single type of housing subsidy but combine many of them. The author provides operational criteria that allow evaluation of systems of housing subsidies, both at the individual program level and at the aggregate (country) level. The author examines the public finance assessment criteria used by different authors to analyze subsidy programs and confront them systematically. The author ends up with a map of criteria, which covers the range of topics interesting to policymakers. For each criterion, the author tries to provide empirical measures that can be retrieved from existing programs. The author then provides an aggregation method allowing a synthesis of diagnoses about the quality of the housing subsidies system at the country level. The aggregation technique offers a simple way to visualize the main features of a subsidy system, as well as the effects on the system of reforms or improvements of particular programs. The author applies the methodology to the system prevailing in Morocco in 1995 and 2004. The analysis shows that the most visible subsidies might not have been the most inefficient, nor the most resource consuming for the state. Examination of policy changes since 1995 shows that while the most visible subsidies received nearly all the government's attention, large invisible subsidies remain at the heart of Morocco's housing policy. The framework used here is very general and can be used to compare the Moroccan system with those of similar countries. 2012-06-22T21:00:54Z 2012-06-22T21:00:54Z 2005-02 http://documents.worldbank.org/curated/en/2005/02/5642303/economic-evaluation-housing-subsidy-systems-methodology-application-morocco http://hdl.handle.net/10986/8882 English Policy Research Working Paper; No. 3529 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Middle East and North Africa Morocco |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTABILITY ACCOUNTING BANKING SYSTEM CAPITAL GAINS COMPENSATING VARIATION CONSTRUCTION COUNTRY COMPARISONS CROWDING OUT CURRENT EXPENDITURES DEFICITS DEMAND CURVES DEVELOPED COUNTRIES DISTRIBUTION OF INCOME ECONOMIC EFFECTS ECONOMIC EFFICIENCY ECONOMIC IMPACT ECONOMIC SITUATION ECONOMICS EMPLOYMENT EQUILIBRIUM EQUILIBRIUM MODELS EQUIVALENT VARIATION EVALUATION CRITERIA EVASION FINANCIAL MARKETS GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION HOME OWNERSHIP HOUSING HOUSING CONSTRUCTION HOUSING DEMAND HOUSING FINANCE HOUSING POLICIES HOUSING POLICY HOUSING PRICES HOUSING SUBSIDIES HOUSING SUPPLY HOUSING VOUCHERS INCENTIVES/ INCOME DISTRIBUTION INDIRECT COST INTEREST RATES LARGE CITIES LOCAL AUTHORITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MACROECONOMIC STABILITY MARKET PRICES MORTGAGE INTEREST RATES MORTGAGE MARKETS POLICY MAKERS POSITIVE EXTERNALITIES PRIVATE SECTOR PRODUCERS PROVISIONS PUBLIC FINANCE PUBLIC HOUSING PUBLIC SECTOR PUBLIC SPENDING RENT CONTROL RENTAL HOUSING RENTS SOCIAL COSTS STATE INTERVENTION STRUCTURAL DEFICITS TAX TAX RATES TAX REVENUES TAX SUBSIDIES TAX SYSTEMS TAXATION TRANSPARENCY TRANSPORT UNEMPLOYMENT UP FRONT SUBSIDIES URBAN DEVELOPMENT UTILITIES WELFARE GAINS ZONING |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING BANKING SYSTEM CAPITAL GAINS COMPENSATING VARIATION CONSTRUCTION COUNTRY COMPARISONS CROWDING OUT CURRENT EXPENDITURES DEFICITS DEMAND CURVES DEVELOPED COUNTRIES DISTRIBUTION OF INCOME ECONOMIC EFFECTS ECONOMIC EFFICIENCY ECONOMIC IMPACT ECONOMIC SITUATION ECONOMICS EMPLOYMENT EQUILIBRIUM EQUILIBRIUM MODELS EQUIVALENT VARIATION EVALUATION CRITERIA EVASION FINANCIAL MARKETS GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION HOME OWNERSHIP HOUSING HOUSING CONSTRUCTION HOUSING DEMAND HOUSING FINANCE HOUSING POLICIES HOUSING POLICY HOUSING PRICES HOUSING SUBSIDIES HOUSING SUPPLY HOUSING VOUCHERS INCENTIVES/ INCOME DISTRIBUTION INDIRECT COST INTEREST RATES LARGE CITIES LOCAL AUTHORITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MACROECONOMIC STABILITY MARKET PRICES MORTGAGE INTEREST RATES MORTGAGE MARKETS POLICY MAKERS POSITIVE EXTERNALITIES PRIVATE SECTOR PRODUCERS PROVISIONS PUBLIC FINANCE PUBLIC HOUSING PUBLIC SECTOR PUBLIC SPENDING RENT CONTROL RENTAL HOUSING RENTS SOCIAL COSTS STATE INTERVENTION STRUCTURAL DEFICITS TAX TAX RATES TAX REVENUES TAX SUBSIDIES TAX SYSTEMS TAXATION TRANSPARENCY TRANSPORT UNEMPLOYMENT UP FRONT SUBSIDIES URBAN DEVELOPMENT UTILITIES WELFARE GAINS ZONING le Blanc, David Economic Evaluation of Housing Subsidy Systems : A Methodology with Application to Morocco |
| geographic_facet |
Middle East and North Africa Morocco |
| relation |
Policy Research Working Paper; No. 3529 |
| description |
Most countries do not use one single type of housing subsidy but combine many of them. The author provides operational criteria that allow evaluation of systems of housing subsidies, both at the individual program level and at the aggregate (country) level. The author examines the public finance assessment criteria used by different authors to analyze subsidy programs and confront them systematically. The author ends up with a map of criteria, which covers the range of topics interesting to policymakers. For each criterion, the author tries to provide empirical measures that can be retrieved from existing programs. The author then provides an aggregation method allowing a synthesis of diagnoses about the quality of the housing subsidies system at the country level. The aggregation technique offers a simple way to visualize the main features of a subsidy system, as well as the effects on the system of reforms or improvements of particular programs. The author applies the methodology to the system prevailing in Morocco in 1995 and 2004. The analysis shows that the most visible subsidies might not have been the most inefficient, nor the most resource consuming for the state. Examination of policy changes since 1995 shows that while the most visible subsidies received nearly all the government's attention, large invisible subsidies remain at the heart of Morocco's housing policy. The framework used here is very general and can be used to compare the Moroccan system with those of similar countries. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
le Blanc, David |
| author_facet |
le Blanc, David |
| author_sort |
le Blanc, David |
| title |
Economic Evaluation of Housing Subsidy Systems : A Methodology with Application to Morocco |
| title_short |
Economic Evaluation of Housing Subsidy Systems : A Methodology with Application to Morocco |
| title_full |
Economic Evaluation of Housing Subsidy Systems : A Methodology with Application to Morocco |
| title_fullStr |
Economic Evaluation of Housing Subsidy Systems : A Methodology with Application to Morocco |
| title_full_unstemmed |
Economic Evaluation of Housing Subsidy Systems : A Methodology with Application to Morocco |
| title_sort |
economic evaluation of housing subsidy systems : a methodology with application to morocco |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/02/5642303/economic-evaluation-housing-subsidy-systems-methodology-application-morocco http://hdl.handle.net/10986/8882 |
| _version_ |
1764407063207739392 |