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Construcción de vivienda, corrección monetaria y desarrollo nacional: Comentarios sobre el impacto del UPAC

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  • James Anthony S. Ternent

Abstract

House construction is not a leading sector as shown by its low income and price elasticities and its limited ties with other sectors. This is particulary true for low cost housing. The sectors employment, an important tool when applying anti-cyclical policies, is, nevertheless, unstable and badly paid. An expansion on construction, apparently responds moderately to real credit growth and seems not to have limited the flow of resources to other sectors. Housing, in Colombia, has had a high priority in the last years and credit, used as a policy instrument, has allowed the transformation of a latent demand into current demand. Now then, in the country the housing and savings corporations have discarded the financing of popular housing, which should be provided by leaks in existing units. That is, substantially changing even eliminating the existing indexation system would not be easy considering the different interests involved.

Suggested Citation

  • James Anthony S. Ternent, 1988. "Construcción de vivienda, corrección monetaria y desarrollo nacional: Comentarios sobre el impacto del UPAC," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 25-26, pages 81-140.
  • Handle: RePEc:lde:journl:y:1988:i:25-26:p:81-140
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    References listed on IDEAS

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    1. Baumol, William J & Blackman, Sue Anne Batey & Wolff, Edward N, 1985. "Unbalanced Growth Revisited: Asymptotic Stagnancy and New Evidence," American Economic Review, American Economic Association, vol. 75(4), pages 806-817, September.
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