Local political power and housing bubble in Spain
This paper provides empirical evidence of the role of local politicians in the development of the housing bubble in Spain. It intends to determine empirically whether different political ideologies matter and whether municipalities run by different political parties show housing bubbles of different...
| Autores: | , |
|---|---|
| Tipo de recurso: | artículo |
| Fecha de publicación: | 2016 |
| País: | España |
| Institución: | Universidad de Alcalá (UAH) |
| Repositorio: | e_Buah Biblioteca Digital Universidad de Alcalá |
| Idioma: | inglés |
| OAI Identifier: | oai:ebuah.uah.es:10017/27120 |
| Acceso en línea: | http://hdl.handle.net/10017/27120 |
| Access Level: | acceso abierto |
| Palabra clave: | Empty dwellings Housing bubble Local power Viviendas vacías Burbuja inmobiliaria Partidos políticos locales Economía Geografía Sociología Economics Geography Sociology |
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oai:ebuah.uah.es:10017/27120 |
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| network_name_str |
España |
| spelling |
Local political power and housing bubble in Spain Política local y burbuja Inmobiliaria en España Esteban Galarza, Marisol Altuzarra Artola, Amaia Empty dwellings Housing bubble Local power Viviendas vacías Burbuja inmobiliaria Partidos políticos locales Economía Geografía Sociología Economics Geography Sociology This paper provides empirical evidence of the role of local politicians in the development of the housing bubble in Spain. It intends to determine empirically whether different political ideologies matter and whether municipalities run by different political parties show housing bubbles of different intensity. We work with all municipalities over 25,000 inhabitants. We measure political ideology according to the political party to which the mayor of a municipality belongs. The housing bubble is proxied by the stock of unsold new dwellings. The results suggest an association between the local political ideology and existing unsold new dwellings. Municipalities governed by right-wing mayors have a higher number and share of unsold new dwellings than those governed by centre-left and left-wing mayors. Este trabajo proporciona evidencia empírica sobre el papel de los políticos locales en el desarrollo de la burbuja inmobiliaria en España. Pretende estudiar, desde una perspectiva empírica, si la ideología política es relevante, de manera que los municipios dirigidos por diferentes partidos políticos presentan burbujas de distinta intensidad. En el trabajo se incluyen todos los municipios de más de 25.000 habitantes. La ideología política es aproximada por el partido político al que pertenece el alcalde de cada municipio. La burbuja inmobiliaria, por su parte, se aproxima por el stock de viviendas nuevas pendientes de venta. Los resultados sugieren que existe una asociación entre la ideología política del municipio y las viviendas nuevas pendientes de venta existente. Los municipios gobernados por alcaldes de derecha tienen un mayor volumen (y proporción) de viviendas nuevas en venta que los municipios gobernados por alcaldes de izquierda y centro-izquierda. Asociación Española de Ciencia Regional (AECR) http://hdl.handle.net/10017/27120 |
| title |
Local political power and housing bubble in Spain |
| spellingShingle |
Local political power and housing bubble in Spain Esteban Galarza, Marisol Empty dwellings Housing bubble Local power Viviendas vacías Burbuja inmobiliaria Partidos políticos locales Economía Geografía Sociología Economics Geography Sociology |
| title_short |
Local political power and housing bubble in Spain |
| title_full |
Local political power and housing bubble in Spain |
| title_fullStr |
Local political power and housing bubble in Spain |
| title_full_unstemmed |
Local political power and housing bubble in Spain |
| title_sort |
Local political power and housing bubble in Spain |
| author |
Esteban Galarza, Marisol |
| author_facet |
Esteban Galarza, Marisol Altuzarra Artola, Amaia |
| author_role |
author |
| author2 |
Altuzarra Artola, Amaia |
| author2_role |
author |
| topic |
Empty dwellings Housing bubble Local power Viviendas vacías Burbuja inmobiliaria Partidos políticos locales Economía Geografía Sociología Economics Geography Sociology |
| topic_facet |
Empty dwellings Housing bubble Local power Viviendas vacías Burbuja inmobiliaria Partidos políticos locales Economía Geografía Sociología Economics Geography Sociology |
| description |
This paper provides empirical evidence of the role of local politicians in the development of the housing bubble in Spain. It intends to determine empirically whether different political ideologies matter and whether municipalities run by different political parties show housing bubbles of different intensity. We work with all municipalities over 25,000 inhabitants. We measure political ideology according to the political party to which the mayor of a municipality belongs. The housing bubble is proxied by the stock of unsold new dwellings. The results suggest an association between the local political ideology and existing unsold new dwellings. Municipalities governed by right-wing mayors have a higher number and share of unsold new dwellings than those governed by centre-left and left-wing mayors. |
| publishDate |
2016 |
| format |
article |
| url |
http://hdl.handle.net/10017/27120 |
| language |
eng |
| eu_rights_str_mv |
openAccess |
| publisher |
Asociación Española de Ciencia Regional (AECR) |
| institution |
Universidad de Alcalá (UAH) |
| collection |
e_Buah Biblioteca Digital Universidad de Alcalá |
| reponame_str |
e_Buah Biblioteca Digital Universidad de Alcalá |
| instname_str |
Universidad de Alcalá (UAH) |
| _version_ |
1878433396857765888 |
| publishDateSort |
2016 |
| author_browse |
Altuzarra Artola, Amaia Esteban Galarza, Marisol |
| publisherStr |
Asociación Española de Ciencia Regional (AECR) |
| score |
6,9303427 |