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An analysis of the impact of public policy on housing in the face of grand challenges

Vol. 25, Iss. 12, DECEMBER 2019

Received: 13 November 2019

Received in revised form: 27 November 2019

Accepted: 11 December 2019

Available online: 25 December 2019

Subject Heading: INVESTING

JEL Classification: G38, O3

Pages: 2843–2858

https://doi.org/10.24891/fc.25.12.2843

Lyubushin N.P. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation
lubushinnp@mail.ru

https://orcid.org/0000-0002-4493-2278

Babicheva N.E. Voronezh State University (VSU), Voronezh, Russian Federation
sigaeva@mail.ru

https://orcid.org/0000-0003-1933-1558

Kupryushina O.M. Voronezh State University (VSU), Voronezh, Russian Federation
kupryushina@econ.vsu.ru

ORCID id: not available

Kondrat'ev R.Yu. Financial University under Government of Russian Federation, Lipetsk Branch, Lipetsk, Russian Federation
romario_80@inbox.ru

ORCID id: not available

Subject This article examines the impact of State policy on housing development against the backdrop of grand challenges.
Objectives The article aims to highlight the main factors and directions to increase resilience and adaptability of the housing sector to the new development conditions.
Methods For the study, we used the methods of analysis and synthesis, grouping, comparison, generalization, and the logical and systems approaches.
Results The article highlights factors of duplicitous nature and determines the type of economic development of the housing sector and the economic actors involved. It shows that real estate markets, for example, are both a source of scientific and technological development and a factor of financial instability leading to grand challenges.
Conclusions Taking into account the dual nature of factors in the development of government programs will help implement the public housing policy, government development programs, and avoid the big bang-scale challenges.

Keywords: research and technological development, grand challenges, extensive and intensive factors, sustainable development, housing construction sector

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