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In spite of a growing recognition of the importance of supply conditions for the level and volatility of house prices, empirical work on housing supply outside the US is scarce. This paper considers various measures of housing supply in the Netherlands, where real house prices have roughly...
Persistent link: https://www.econbiz.de/10011372990
Why has job growth over the past decades been weaker in the Dutch Randstad area than in surrounding regions? In a simultaneous equations analysis, we find that employment adjusts to the regional supply of labour. Net internal migration is predominantly determined by regional housing supply and...
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Cities emerge from the spatial concentration of people and economic activities. But spatial concentration is not enough; the economic viability of cities depends on people, ideas, and goods to move rapidly across the urban area. This constant movement within dense cities creates wealth but also...
Persistent link: https://www.econbiz.de/10012973219
Local zoning and land-use regulations have increased substantially over the decades. These constraints on land development within cities and suburbs aim to achieve various safety, environmental, and aesthetic goals. But the regulations have also tended to reduce the supply of housing, including...
Persistent link: https://www.econbiz.de/10012928923
The high influx of refugees confronts Germany with a variety of tasks and problems. In addition to short-term challenges such as geographically allocating and accommodating refugees, longer-term tasks involving housing, regional and integration policy also need to be addressed. Notwithstanding...
Persistent link: https://www.econbiz.de/10012626153