Housing assets and small business investment: exploring links for theory and policy
Housing assets and small business investment: exploring links for theory and policy
Reuschke D. and Maclennan D. Housing assets and small business investment: exploring links for theory and policy, Regional Studies. Housing market activity and firm formation are both positively correlated with the business cycle, and the levels of mortgage lending to business owners and funding of small firms have fallen in the UK since 2008. This paper explores a neglected, causal linkage between housing assets and small business investment and the economy and, in particular, draws attention to the recent reduction in small business investment consequent to a reduced capacity of entrepreneurs to withdraw or leverage housing equity. It draws on secondary data for the UK and interviews with key policy and practice stakeholders for both housing and enterprise.
744-757
Reuschke, Darja
224493ce-38bc-455d-9341-55f8555e7e13
Maclennan, Duncan
4b131e36-5718-4dc0-b41d-b40d92bb0667
2014
Reuschke, Darja
224493ce-38bc-455d-9341-55f8555e7e13
Maclennan, Duncan
4b131e36-5718-4dc0-b41d-b40d92bb0667
Reuschke, Darja and Maclennan, Duncan
(2014)
Housing assets and small business investment: exploring links for theory and policy.
Regional Studies, 48 (4), .
(doi:10.1080/00343404.2013.845293).
Abstract
Reuschke D. and Maclennan D. Housing assets and small business investment: exploring links for theory and policy, Regional Studies. Housing market activity and firm formation are both positively correlated with the business cycle, and the levels of mortgage lending to business owners and funding of small firms have fallen in the UK since 2008. This paper explores a neglected, causal linkage between housing assets and small business investment and the economy and, in particular, draws attention to the recent reduction in small business investment consequent to a reduced capacity of entrepreneurs to withdraw or leverage housing equity. It draws on secondary data for the UK and interviews with key policy and practice stakeholders for both housing and enterprise.
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e-pub ahead of print date: 18 November 2013
Published date: 2014
Organisations:
Geography & Environment
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Local EPrints ID: 399757
URI: http://eprints.soton.ac.uk/id/eprint/399757
ISSN: 0034-3404
PURE UUID: 53de41d5-75e0-4918-9fdd-77e07d2ce68d
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Date deposited: 31 Aug 2016 16:58
Last modified: 15 Mar 2024 03:54
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Author:
Duncan Maclennan
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