Research output: Contribution to journal › Article
Economic geography and the regulatory state : Asymmetric marketization of social housing in England. / Clegg, Liam Simon.
In: Environment and Planning A, Vol. 51, No. 7, 28.05.2019, p. 1479-98.Research output: Contribution to journal › Article
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TY - JOUR
T1 - Economic geography and the regulatory state
T2 - Asymmetric marketization of social housing in England
AU - Clegg, Liam Simon
N1 - This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. Further copying may not be permitted; contact the publisher for details.
PY - 2019/5/28
Y1 - 2019/5/28
N2 - The 2011 Affordable Homes Programme (AHP) introduced dramatic reductions in the level of government grant for new-build construction by Housing Associations, with an expectation that Associations’ rents would rise towards market rates to compensate. Through this paper, I explore London-based Associations’ use of cross-subsidy from commercial sale and rental operations to ameliorate the push towards higher rents for social housing. I characterise the spatially-variegated response to the as AHP ‘asymmetric marketisation’. The case illustrates the value of bridging between Economic Geography literatures that acknowledge spatial variation in state-market constellations but offers less developed insights on modes of marketisation, and Political Science literature on the regulatory state that offers a useful framework for disaggregating between modes of marketization but which has overlooked the issue of spatial variation. The significance of this asymmetric marketization is heightened by ongoing concerns over the sustainability of London-based Housing Associations’ commercial activities, and by the possible extension of commercial-to-social cross-subsidisation across other national housing systems.
AB - The 2011 Affordable Homes Programme (AHP) introduced dramatic reductions in the level of government grant for new-build construction by Housing Associations, with an expectation that Associations’ rents would rise towards market rates to compensate. Through this paper, I explore London-based Associations’ use of cross-subsidy from commercial sale and rental operations to ameliorate the push towards higher rents for social housing. I characterise the spatially-variegated response to the as AHP ‘asymmetric marketisation’. The case illustrates the value of bridging between Economic Geography literatures that acknowledge spatial variation in state-market constellations but offers less developed insights on modes of marketisation, and Political Science literature on the regulatory state that offers a useful framework for disaggregating between modes of marketization but which has overlooked the issue of spatial variation. The significance of this asymmetric marketization is heightened by ongoing concerns over the sustainability of London-based Housing Associations’ commercial activities, and by the possible extension of commercial-to-social cross-subsidisation across other national housing systems.
M3 - Article
VL - 51
SP - 1479
EP - 1498
JO - Environment and Planning A
JF - Environment and Planning A
SN - 1472-3409
IS - 7
ER -