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Land Prices and Business Fixed Investments in Japan
Kiyotaki, Nobuhiro; West, Kenneth D. - 2021
Japan has seen episodes in which boom and bust in land prices is accompanied by boom and bust in business fixed … investment. We develop a model that includes land in the production function. We show that in this model movements in land prices … between land and capital is greater than one. We then estimate an aggregate investment function. Consistent with an elasticity …
Persistent link: https://www.econbiz.de/10013231865
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Land Prices and Business Fixed Investments in Japan
Kiyotaki, Nobuhiro - 2004
Japan has seen episodes in which boom and bust in land prices is accompanied by boom and bust in business fixed … investment. We develop a model that includes land in the production function. We show that in this model movements in land prices … between land and capital is greater than one. We then estimate an aggregate investment function. Consistent with an elasticity …
Persistent link: https://www.econbiz.de/10012467778
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Pricing of agricultural capital input in Pakistan : an analysis of bound testing approach
Ali, Hina; Tahir, Hira - In: Review of economics and development studies 3 (2017) 2, pp. 101-110
Persistent link: https://www.econbiz.de/10011941171
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Land prices and business fixed investment in Japan
Kiyotaki, Nobuhiro; West, Kenneth D. - 2004
Persistent link: https://www.econbiz.de/10002481732
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Market Sentiments, Winner's Curse, and Bidding Outcomes in Land Auctions
Tse, K. S. Maurice - 2012
This paper empirically tests auction theory by examining how the stock market evaluates the outcome of open-bid English auctions of rights to develop residential real estate projects in Hong Kong. To do so, we deconstruct the complexity surrounding actual auction events, and empirically isolate...
Persistent link: https://www.econbiz.de/10013115572
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Superstar cities
Gyourko, Joseph E.; Mayer, Christopher J.; Sinai, Todd M. - 2006
Persistent link: https://www.econbiz.de/10003358082
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Decoupling land values in residential property prices : smoothing methods for hedonic imputed price indices
Rambaldi, Alicia N.; McAllister, Ryan; Fletcher, Cameron S. - 2015
Persistent link: https://www.econbiz.de/10011482078
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Is Accra a Superstar City?
Buckley, Robert M.; Mathema, Ashna S. - 2012
A recent study of house price behavior in U.S. cities by Gyourko, Mayer, and Sinai (2006) raises questions about so-called superstar cities in which housing is so inelastically supplied that it becomes unaffordable, as higher-income families outbid residents. We consider the case of Accra,...
Persistent link: https://www.econbiz.de/10012552901
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Superstar Cities
Gyourko, Joseph - 2012
skewness in house prices and incomes are related and can be explained, at least in part, by inelastic supply of land in some … attractive locations combined with an increasing number of high-income households nationally. Scarce land leads to a bidding …-up of land prices and a sorting of high-income families relatively more into those desirable, unique, low housing …
Persistent link: https://www.econbiz.de/10012755485
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Superstar Cities
Gyourko, Joseph - 2006
skewness in house prices and incomes are related and can be explained, at least in part, by inelastic supply of land in some … attractive locations combined with an increasing number of high-income households nationally. Scarce land leads to a bidding …-up of land prices and a sorting of high-income families relatively more into those desirable, unique, low housing …
Persistent link: https://www.econbiz.de/10012466310