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A Long‐run Analysis of Cooperative Housing Societies and Housing Construction in Victoria, Australia
Author(s) -
Abbott Malcolm,
Doucouliagos Chris
Publication year - 1999
Publication title -
australian economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.493
H-Index - 16
eISSN - 1467-8446
pISSN - 0004-8992
DOI - 10.1111/1467-8446.00042
Subject(s) - subdivision , state (computer science) , public housing , housing industry , business , economic growth , economics , finance , development economics , engineering , civil engineering , telecommunications , algorithm , computer science
Housing construction is an important component of economic development. The use of cooperative housing societies is one means of channelling scarce financial resources to housing construction. The aim of this paper is to explore the causes of the rapid growth and subsequent decline of the cooperative housing societies as a source of housing finance in the State of Victoria in Australia during the years 1947 to 1992. Significant evidence is established of a strong relationship between the availability of funding for the societies and the growth of their assets. Mixed results are presented for the impact on the general level of housing construction.