IDEAS home Printed from https://ideas.repec.org/p/spo/wpmain/infohdl2441-7o52iohb7k6srk09mgl17im40.html
   My bibliography  Save this paper

Comment construire (au moins) 1 million de logements en région parisienne

Author

Listed:
  • Xavier Timbeau

    (Observatoire français des conjonctures économiques)

Abstract

La région Ile-de-France est caractérisée par une faible augmentation de l’offre de logements et une hausse importante des prix de l’immobilier. Pour lever la contrainte foncière, la densification, tout au moins dans la proche périphérie de l’hypercentre, paraît une solution envisageable. Nous proposons ici un mécanisme de partage de la valeur créée lors d'une densification importante par la destruction d'un immeuble existant et sa reconstruction avec un nombre d’étages accru. Le partage se veut incitatif pour les propriétaires mais aussi pour les collectivités locales. De fait, pour ces dernières, la densification est à la fois une charge économique, implique des investissements, demande de compenser les perdants à la densification et induit un risque demodification de la base électorale. Si la densification se fait par une augmentation suffisante de l’élévation et dans une zone où les prix au m² sont élevés, la valeur créée est alors d'un ordre de grandeur suffisant pour renverser les logiques de malthusianisme foncier à l'œuvre. En simulant un tel dispositif sur l’Ile-de-France, il apparaît un potentiel de construction d'un million de nouveaux logements, un investissement des collectivités locales de l'ordre de 60 milliards d'euros et un surcroît d’activité dans le bâtiment de près de 140 milliards d'euros. Le dispositif actuel d’assujettissement de la valeur totale des constructions neuves à la TVA au taux normal devrait être aménagé afin de permettre de financer les incitations nécessaires à une telle opération.

Suggested Citation

  • Xavier Timbeau, 2013. "Comment construire (au moins) 1 million de logements en région parisienne," Sciences Po publications info:hdl:2441/7o52iohb7k6, Sciences Po.
  • Handle: RePEc:spo:wpmain:info:hdl:2441/7o52iohb7k6srk09mgl17im40
    as

    Download full text from publisher

    File URL: http://spire.sciencespo.fr/hdl:/2441/7o52iohb7k6srk09mgl17im40/resources/13-128.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Richhild Moessner & Philip Turner, 2012. "Threat of fiscal dominance? Workshop summary," BIS Papers chapters,in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 1-12 Bank for International Settlements.
    2. Martina Cecioni & Giuseppe Ferrero & Alessandro Secchi, 2011. "Unconventional Monetary Policy in Theory and in Practice," Questioni di Economia e Finanza (Occasional Papers) 102, Bank of Italy, Economic Research and International Relations Area.
    3. Charles Goodhart, 2010. "The changing role of central banks," BIS Working Papers 326, Bank for International Settlements.
    4. Kool, Clemens J. M. & Thornton, Daniel L., 2015. "How Effective Is Central Bank Forward Guidance?," Review, Federal Reserve Bank of St. Louis, vol. 97(4), pages 303-322.
    5. Jonathan H. Wright, 2012. "What does Monetary Policy do to Long‐term Interest Rates at the Zero Lower Bound?," Economic Journal, Royal Economic Society, vol. 122(564), pages 447-466, November.
    6. Carl E. Walsh, 2007. "Optimal Economic Transparency," International Journal of Central Banking, International Journal of Central Banking, vol. 3(1), pages 5-36, March.
    7. Rosa, Carlo & Verga, Giovanni, 2007. "On the consistency and effectiveness of central bank communication: Evidence from the ECB," European Journal of Political Economy, Elsevier, vol. 23(1), pages 146-175, March.
    8. Frederic S. Mishkin, 2006. "Monetary Policy Strategy: How Did We Get Here?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 53(4), pages 359-388, December.
    9. Makoto Minegishi & Boris Cournède, 2010. "Monetary Policy Responses to the Crisis and Exit Strategies," OECD Economics Department Working Papers 753, OECD Publishing.
    10. Hans J Blommestein & Philip Turner, 2012. "Interactions between sovereign debt management and monetary policy under fiscal dominance and financial instability," BIS Papers chapters,in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 213-237 Bank for International Settlements.
    11. Gauti B. Eggertsson & Michael Woodford, 2003. "Optimal Monetary Policy in a Liquidity Trap," NBER Working Papers 9968, National Bureau of Economic Research, Inc.
    12. John B. Taylor, 2009. "The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong," NBER Working Papers 14631, National Bureau of Economic Research, Inc.
    13. Stephen Morris & Hyun Song Shin, 2002. "Social Value of Public Information," American Economic Review, American Economic Association, vol. 92(5), pages 1521-1534, December.
    14. Charles Goodhart, 2010. "The Changing Role of Central Banks," FMG Special Papers sp197, Financial Markets Group.
    15. Clemens Kool & Menno Middeldorp & Stephanie Rosenkranz, 2011. "Central Bank Transparency and the Crowding Out of Private Information in Financial Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(4), pages 765-774, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sabine Le Bayon & Pierre Madec & Christine Rifflart, 2013. "Quelle régulation du marché locatif privé ?: Etat des lieux et évaluation des dernières mesures gouvernemantales," Sciences Po publications info:hdl:2441/7o52iohb7k6, Sciences Po.
    2. Guillaume Allègre & Xavier Timbeau, 2015. "La critique du Capital au XXI e siècle . À la recherche des fondements macroéconomiques des inégalités," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 31-55.
    3. Guillaume Allègre & Xavier Timbeau, 2014. "The critique of capital in the twenty first century : in search of the macroeconomic foundations of inequality," Documents de Travail de l'OFCE 2014-10, Observatoire Francais des Conjonctures Economiques (OFCE).
    4. Guillaume Allegre & Xavier Timbeau, 2015. "La critique du capital au XXIè sicècle," Post-Print hal-01140572, HAL.

    More about this item

    Keywords

    Economie urbaine; Construction; Malthusianisme foncier; Collectivités locales;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spo:wpmain:info:hdl:2441/7o52iohb7k6srk09mgl17im40. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Spire @ Sciences Po Library). General contact details of provider: http://edirc.repec.org/data/ecspofr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.