This paper provides a review of the literature that links housing, housing finance, and economic development. The housing sector may support poverty reduction and inclusive growth in two general ways. First, housing construction contributes to economic output, creates employment, and generates a demand for materials and related services. Second, improved housing raises the standard of living of occupants. At the same time, housing purchases are costly for individuals, constituting the most valuable asset owned by most households and often requiring housing finance.
The Role and Impact of Infrastructure in Middle-Income Countries: Anything Special?
This paper examines the evolution of infrastructure and the impact of infrastructure investment and public finance shocks on key development indicators and growth performance in the context of middle income countries.