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Railways and the Productivity Gap in Italy: Persistence and Divergence after Unification
Pontarollo, Nicola; Ricciuti, Roberto - 2015
same time, the Kingdom of Italy started a large infrastructure project to spread railways, which were largely confined in … Northern Italy, all over the country. Using tools from spatial econometrics, we find that railways played a positive effect on … productivity, but this effect was stronger in the areas in which railways were already built. Moreover, railways helped industrial …
Persistent link: https://www.econbiz.de/10011307101
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Ease vs. Noise: On the Conflicting Effects of Transportation Infrastructure
Ahlfeldt, Gabriel; Nitsch, Volker; Wendland, Nicolai - 2016
Many transport technologies cause a gnot ]in ]my ]backyard h (NIMBY) reaction of locals in that they often oppose the nearby location of necessary infrastructure despite benefiting from greater mobility. We employ quasi ]experimental research methods to disentangle the offsetting noise and...
Persistent link: https://www.econbiz.de/10011555500
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Urban Renewal after the Berlin Wall
Ahlfeldt, Gabriel; Maennig, Wolfgang; Richter, Felix J. - 2013
Urban renewal areas are popular but empirically understudied spatial planning instruments designed to prevent urban decline and induce renewal. We use a quasi-experimental research design to study the effects of 22 renewal areas implemented in Berlin, Germany, to increase housing and living...
Persistent link: https://www.econbiz.de/10010328835
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Tenancy Rent Control and Credible Commitment in Maintenance
Arnott, Richard J.; Shevyakhova, Elizaveta - 2014
Under tenancy rent control, rents are regulated within a tenancy but not between tenancies. This paper investigates the effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed-duration tenancy depends only on the starting rent,...
Persistent link: https://www.econbiz.de/10010333373
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Determinants of house prices in Central and Eastern Europe
Égert, Balázs; Mihaljek, Dubravko - 2007
This paper studies the determinants of house prices in eight transition economies of central and eastern Europe (CEE) and 19 OECD countries. The main question addressed is whether the conventional fundamental determinants of house prices, such as GDP per capita, real interest rates, housing...
Persistent link: https://www.econbiz.de/10010273771
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Explaining spatial variation in homeownership rates: Results for German regions
Lerbs, Oliver; Oberst, Christian - 2011
A wide range of aggregate data is used to examine the spatial variation in homeownership rates among a cross-section of 96 German planning regions. The analysis accounts for potential endogeneity of prices and affordability as well as for spatial dependence in homeownership levels. In addition...
Persistent link: https://www.econbiz.de/10010274774
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The Geographical Determinants of Within-City Heterogeneity in Urban Density
Krause, Melanie; Seidel, André - 2020
This paper studies the impact of building land limitations on within-city variation in urban density and its components crowding, residential coverage, and building height. We utilise geographical obstacles like steep inclines or water bodies as exogenous source of building land limitations...
Persistent link: https://www.econbiz.de/10012425566
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Limited Attention in the Housing Market: Threshold Effects of Energy-Performance Certificates on Property Prices and Energy-Efficiency Investments
Sejas-Portillo, Rodolfo; Comerford, David; Moro, Mirko; … - 2020
We study the effects of limited attention on property prices and energy efficiency (EE) investments in the housing market. Using a novel dataset, we analyse over 5 million residential property sale transactions in England and Wales, each containing information about sale price, property and...
Persistent link: https://www.econbiz.de/10012425575
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Gentrification and Affordable Housing Policies
Borck, Rainald; Gohl, Niklas - 2021
We use a quantitative spatial equilibrium model to evaluate the distributional and welfare impacts of a recent temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in particular the recent gentrification of inner city locations....
Persistent link: https://www.econbiz.de/10012799754
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The Short and the Long of It: Stock-Flow Matching in the US Housing Market
Smith, Eric; Xie, Zoe; Fang, Lei - 2022
This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells declines sharply after listing for two weeks....
Persistent link: https://www.econbiz.de/10013470294