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Global Economic Change, Labour Market Adjustment and the Challenges for European Housing Policies

Author

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  • Duncan Maclennan

    (CHRUS, Department of Urban Studies, 25 Bute Gardens, University of Glasgow, Glasgow, G12 8RS, Scotland, UK, D.Maclennan@socsci.gla.ac.uk)

  • Gwilym Pryce

    (CHRUS, Department of Urban Studies, 25 Bute Gardens, University of Glasgow, Glasgow, G12 8RS, Scotland, UK, G.Pryce@socsci.gla.ac.uk)

Abstract

This paper examines the 'global competition' aspects of housing policies and the implications of an emerging 'flexible' economic order for housing markets in advanced economies. An overview is given of movements in international patterns of growth and trade, including a review of the effects on labour and housing markets of increased competition from less developed, and newly industrialised, countries. UK labour market experience is examined, along with the responses of, and implications for, housing systems and policies. Emphasis is placed on the need to understand the connections between global economic change and regional/local housing systems when designing housing policy. The paper underlines the importance of integrating housing strategies with national competition policy.

Suggested Citation

  • Duncan Maclennan & Gwilym Pryce, 1996. "Global Economic Change, Labour Market Adjustment and the Challenges for European Housing Policies," Urban Studies, Urban Studies Journal Limited, vol. 33(10), pages 1849-1865, December.
    • Handle: RePEc:sae:urbstu:v:33:y:1996:i:10:p:1849-1865
    DOI: 10.1080/0042098966411
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    References listed on IDEAS

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    1. Paul Krugman & Robert Lawrence, 1993. "Trade, Jobs, and Wages," NBER Working Papers 4478, National Bureau of Economic Research, Inc.
    2. Richard B. Freeman, 1995. "Are Your Wages Set in Beijing?," Journal of Economic Perspectives, American Economic Association, vol. 9(3), pages 15-32, Summer.
    3. Miles, David, 1992. "Housing markets, consumption and financial liberalisation in the major economies," European Economic Review, Elsevier, vol. 36(5), pages 1093-1127, June.
    4. Carruth, Alan & Henley, Andrew, 1990. "Can Existing Consumption Functions Forecast Consumer Spending in the Late 1980's?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 211-222, May.
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    Cited by:

    1. Raymond Tse & C. W. Ho & S. Ganesan, 1999. "Matching housing supply and demand: an empirical study of Hong Kong's market," Construction Management and Economics, Taylor & Francis Journals, vol. 17(5), pages 625-633.
    2. Orhan SANLI & Osman PEKER, 2023. "Effect of Inflation, Exchange Rate, Interest Rates and Income on House Sales: a Case of Turkiye," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 10(1), pages 37-60, January.
    3. Donald Houston & Paul Sissons, 2012. "The Changing Geography of Privately Rented Housing in England and Wales," Urban Studies, Urban Studies Journal Limited, vol. 49(4), pages 795-819, March.
    4. Gwilym Pryce & Margaret Keoghan, 2002. "Unemployment insurance for mortgage borrowers: is it viable and does it cover those most in need?," European Journal of Housing Policy, Taylor and Francis Journals, vol. 2(1), pages 87-114.

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