|
|
|
|
||||
|
||||
The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth: A Survey of Selected MENA CountriesS. Nuri ErbasInternational Monetary Fund (IMF) - Middle East and Central Asia Department Frank NothaftFreddie Mac January 2002 IMF Working Paper No. P/02/17 Abstract: This paper argues that making affordable home mortgage loans available to a large cross section of the population will serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing and mortgage markets in selected Middle East and North Africa (MENA) countries (Algeria, Egypt, Jordan, Morocco, and Tunisia) is examined. The study evaluates Turkey and Mexico as middle-income comparator countries. Historical experience of the United States is also described. Simulations based on U.S. parameters provide some guide to the effects on economic growth of alleviating housing shortages by improving access to mortgage financing.
Number of Pages in PDF File: 41 Keywords: housing supply, mortgage finance availability, growth, poverty JEL Classification: R31, R5, R52 working papers seriesDate posted: January 31, 2006Suggested Citation |
|
||||||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo5 in 0.391 seconds
