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Utilizing new survey data collected between 2009 and 2014, this paper analyzes American households' subjective expectations on future home values. We explore the relationship between house price expectations, local economic conditions, and households' individual characteristics. We examine the...
Persistent link: https://www.econbiz.de/10013045014
The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword...
Persistent link: https://www.econbiz.de/10013117001
Can publicly available, web-scraped data be used to identify promising business startups at an early stage? To answer this question, we use such textual and non-textual information about the names of Danish firms and their addresses as well as their business purpose statements (BPSs)...
Persistent link: https://www.econbiz.de/10012839061
This article introduces lassopack, a suite of programs for regularized regression in Stata. lassopack implements lasso, square-root lasso, elastic net, ridge regression, adaptive lasso and post-estimation OLS. The methods are suitable for the high-dimensional setting where the number of...
Persistent link: https://www.econbiz.de/10012894061
the case of metal crime, where in the face of big increases in value driven by world commodity prices, the incidence of … metal thefts in the UK (and elsewhere) rose very sharply in the 2000s. Early in the current decade, they fell sharply again … shows sizeable and significant metal crime-price elasticities, in line with the idea that changing economic returns do shape …
Persistent link: https://www.econbiz.de/10012920426
increasing demand for metals like copper and lithium due to the growth in renewable energies and electromobility, metal abundant …
Persistent link: https://www.econbiz.de/10014256594
What are the long run consequences of planning and providing basic infrastructure in neighborhoods, where people build their own homes? We study "Sites and Services" projects implemented in seven Tanzanian cities during the 1970s and 1980s, half of which provided infrastructure in previously...
Persistent link: https://www.econbiz.de/10012946590
We evaluate the price development of apartments in neighborhoods surrounding temporary housing for refugees using the unpredicted announcement of three building sites, targeting refugees, in Gothenburg. More in particular, we look at the price development in the year after the announcement. We...
Persistent link: https://www.econbiz.de/10012912246
This paper examines whether effects of labor demand shocks on housing prices vary across time and space. Using data on 321 US metropolitan statistical areas, we estimate the medium- and long-run effects of increases in metropolitan statistical area-level employment and total labor income on...
Persistent link: https://www.econbiz.de/10012915342
This paper examines the short-run immigration effects on prices for owner-occupied housing and rents in Switzerland, exploiting regional variation at the level of 106 local labour markets ("Mobilité Spatiale" regions) and 26 cantons, respectively. We propose two empirical strategies that...
Persistent link: https://www.econbiz.de/10014260712