Social Housing Finance in Australia as a Missing or Incomplete Market: A Review of the Literature
Author(s)
Earl, George
Kraatz, Judy
Liu, Benjamin
Mohamed, Sherif
Roca, Eduardo
Jayawardena, Nirodha Imali
Griffith University Author(s)
Year published
2016
Metadata
Show full item recordAbstract
Currently, there is a severe shortage of
social housing in Australia. In order to address this
pressing problem, there is an urgent need for huge
investment into this sector, which would require the
participation of private institutional investors. This
paper analyses this issue from a new perspective or a
new lens. It applies the “missing market or
incomplete market” theory to review the existing
literature relating to social housing finance. The
existing studies on social finance, while very useful
and having important practical outcomes, are often
not solidly guided by scientific theory. This paper
therefore fills this ...
View more >Currently, there is a severe shortage of social housing in Australia. In order to address this pressing problem, there is an urgent need for huge investment into this sector, which would require the participation of private institutional investors. This paper analyses this issue from a new perspective or a new lens. It applies the “missing market or incomplete market” theory to review the existing literature relating to social housing finance. The existing studies on social finance, while very useful and having important practical outcomes, are often not solidly guided by scientific theory. This paper therefore fills this gap. It attempts to identify the plausible reasons which cause missing/incomplete markets, in general, and in relation to the social housing finance area, in particular. The review also pinpoints potential solutions to the missing or incomplete social housing finance market and recommends potential areas for future research.
View less >
View more >Currently, there is a severe shortage of social housing in Australia. In order to address this pressing problem, there is an urgent need for huge investment into this sector, which would require the participation of private institutional investors. This paper analyses this issue from a new perspective or a new lens. It applies the “missing market or incomplete market” theory to review the existing literature relating to social housing finance. The existing studies on social finance, while very useful and having important practical outcomes, are often not solidly guided by scientific theory. This paper therefore fills this gap. It attempts to identify the plausible reasons which cause missing/incomplete markets, in general, and in relation to the social housing finance area, in particular. The review also pinpoints potential solutions to the missing or incomplete social housing finance market and recommends potential areas for future research.
View less >
Conference Title
Sustainable Housing 2016: Proceedings of the International Conference on Sustainable Housing Planning, Maintenance and Usability
Publisher URI
Subject
Business and Management not elsewhere classified