Show simple item record  

dc.contributor.authorSquires, Grahamen_NZ
dc.contributor.authorWhite, Iainen_NZ
dc.date.accessioned2020-11-04T01:31:15Z
dc.date.available2020-11-04T01:31:15Z
dc.date.issued2019en_NZ
dc.identifier.citationSquires, G., & White, I. (2019). Resilience and housing markets: Who is it really for? Land Use Policy, 81, 167–174. https://doi.org/10.1016/j.landusepol.2018.10.018en
dc.identifier.issn0264-8377en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/13937
dc.description.abstractTen years after the Global Financial Crisis, this research examines how resilience theory and rhetoric relating to the economy and housing markets has been translated into policy and practice. The methodology involves a case study of a city (Auckland) with a nationally dominant housing market and high unaffordability. Via secondary literature and a series of interviews we analyse questions connected to resilience from what, how, by whom, and discuss the implications and limits of the approach. The research demonstrates that resilience policies have focused on providing institutional stability to shock, rather than adaptation or transformation to a state that is less exposed to the systemic risks associated with flows of global capital, debt, and speculative activity. This is related to how the whole concept is vaguely defined. In the absence of guidance, institutions reinterpret resilience in a way that underpins existing market and regulatory logics, such as by increasing capital reserves or lending ratios. As a consequence, the dominant political economy, selected institutions, and to an extent, existing homeowners and speculative investors are privileged in resilience policy. By bringing these selectivities and limits to light we argue for a shift in focus away from an institutional frame to one with a deeper understanding of both the balance of an economy and the wider forces that create and reproduce housing markets.
dc.format.mimetypeapplication/pdf
dc.language.isoenen_NZ
dc.publisherElsevieren_NZ
dc.rights© 2018 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/BY-NC-ND/4.0/).
dc.subjectScience & Technologyen_NZ
dc.subjectLife Sciences & Biomedicineen_NZ
dc.subjectEnvironmental Studiesen_NZ
dc.subjectEnvironmental Sciences & Ecologyen_NZ
dc.subjectResilienceen_NZ
dc.subjectEconomyen_NZ
dc.subjectHousing marketsen_NZ
dc.subjectPropertyen_NZ
dc.subjectNew Zealanden_NZ
dc.subjectREGIONAL RESILIENCEen_NZ
dc.subjectCRISISen_NZ
dc.subjectIMPACTen_NZ
dc.subjectNEOLIBERALISMen_NZ
dc.subjectECONOMIZATIONen_NZ
dc.subjectINSIGHTSen_NZ
dc.subjectTHINKINGen_NZ
dc.subjectSYSTEMSen_NZ
dc.subjectPRICESen_NZ
dc.subjectCITIESen_NZ
dc.titleResilience and housing markets: Who is it really for?en_NZ
dc.typeJournal Article
dc.identifier.doi10.1016/j.landusepol.2018.10.018en_NZ
dc.relation.isPartOfLand Use Policyen_NZ
pubs.begin-page167
pubs.elements-id230214
pubs.end-page174
pubs.publication-statusPublisheden_NZ
pubs.volume81en_NZ
dc.identifier.eissn1873-5754en_NZ


Files in this item

This item appears in the following Collection(s)

Show simple item record