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: | , |
|---|---|
| Formato: | artículo |
| Fecha de publicación: | 2016 |
| País: | España |
| Recursos: | Universidad de Alcalá (UAH) |
| Repositorio: | e_Buah Biblioteca Digital Universidad de Alcalá |
| Idioma: | inglés |
| OAI Identifier: | oai:ebuah.uah.es:10017/27120 |
| Acesso em linha: | http://hdl.handle.net/10017/27120 |
| Access Level: | acceso abierto |
| Palavra-chave: | Empty dwellings Housing bubble Local power Viviendas vacías Burbuja inmobiliaria Partidos políticos locales Economía Geografía Sociología Economics Geography Sociology |
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Local political power and housing bubble in SpainPolítica local y burbuja Inmobiliaria en EspañaEsteban Galarza, MarisolAltuzarra Artola, AmaiaEmpty dwellingsHousing bubbleLocal powerViviendas vacíasBurbuja inmobiliariaPartidos políticos localesEconomíaGeografíaSociologíaEconomicsGeographySociologyThis 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)20162016-01-01journal articlehttp://purl.org/coar/resource_type/c_6501NAhttp://purl.org/coar/version/c_be7fb7dd8ff6fe43info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10017/27120reponame:e_Buah Biblioteca Digital Universidad de Alcaláinstname:Universidad de Alcalá (UAH)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccessoai:ebuah.uah.es:10017/271202026-06-18T11:13:07Z |
| dc.title.none.fl_str_mv |
Local political power and housing bubble in Spain Política local y burbuja Inmobiliaria en España |
| 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 |
| dc.creator.none.fl_str_mv |
Esteban Galarza, Marisol Altuzarra Artola, Amaia |
| author |
Esteban Galarza, Marisol |
| author_facet |
Esteban Galarza, Marisol Altuzarra Artola, Amaia |
| author_role |
author |
| author2 |
Altuzarra Artola, Amaia |
| author2_role |
author |
| dc.subject.none.fl_str_mv |
Empty dwellings Housing bubble Local power Viviendas vacías Burbuja inmobiliaria Partidos políticos locales Economía Geografía Sociología Economics Geography Sociology |
| topic |
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 |
| dc.date.none.fl_str_mv |
2016 2016-01-01 |
| dc.type.none.fl_str_mv |
journal article http://purl.org/coar/resource_type/c_6501 NA http://purl.org/coar/version/c_be7fb7dd8ff6fe43 |
| dc.type.openaire.fl_str_mv |
info:eu-repo/semantics/article |
| format |
article |
| dc.identifier.none.fl_str_mv |
http://hdl.handle.net/10017/27120 |
| url |
http://hdl.handle.net/10017/27120 |
| dc.language.none.fl_str_mv |
Inglés eng |
| language_invalid_str_mv |
Inglés |
| language |
eng |
| dc.rights.none.fl_str_mv |
open access http://purl.org/coar/access_right/c_abf2 |
| dc.rights.openaire.fl_str_mv |
info:eu-repo/semantics/openAccess |
| rights_invalid_str_mv |
open access http://purl.org/coar/access_right/c_abf2 |
| eu_rights_str_mv |
openAccess |
| dc.format.none.fl_str_mv |
application/pdf |
| dc.publisher.none.fl_str_mv |
Asociación Española de Ciencia Regional (AECR) |
| publisher.none.fl_str_mv |
Asociación Española de Ciencia Regional (AECR) |
| dc.source.none.fl_str_mv |
reponame:e_Buah Biblioteca Digital Universidad de Alcalá instname:Universidad de Alcalá (UAH) |
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Universidad de Alcalá (UAH) |
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e_Buah Biblioteca Digital Universidad de Alcalá |
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e_Buah Biblioteca Digital Universidad de Alcalá |
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1869406042560921600 |
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15.300724 |