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This paper evaluates 'new economic geography' theory by comparing it with a competing non-nested model derived from urban economics. Using bootstrap inference and the J-test, the paper shows that while NEG theory is supported by the data, it needs to be modified to achieve this, and it is not...
Persistent link: https://www.econbiz.de/10005556190
homebuyers paid for homes as a result of the credit, as opposed to a situation in which the housing market had been allowed to …
Persistent link: https://www.econbiz.de/10010541807
for approximately thirty percent of the market value of the housing stock and is approximately equal to forty percent of …
Persistent link: https://www.econbiz.de/10005090926
Most approaches in housing research are based on a static perception of the dwelling, occupant and its environment … to compulsory urban mobility and their effects extending to housing satisfaction, a set of researches has been conducted … housing user satisfaction researches. The results showed that there is a correlation between the home and environment …
Persistent link: https://www.econbiz.de/10005556213
We construct a time series of the rent-price ratio for the owner- occupied stock of housing, starting in 1960:1, by … merging micro data from the last five Decennial Censuses of Housing with price indexes for house prices and rents. …
Persistent link: https://www.econbiz.de/10005118973
Housing is the most important component of wealth for many New Zealanders. Its location is fixed and its value is … is strongly associated with their local economic conditions. Housing is also a major factor in influencing migration … decisions and, hence, regional mobility. To shed light on the behaviour of the New Zealand housing market, we examine the …
Persistent link: https://www.econbiz.de/10005119012
Though Congress and Presidents Bush and Obama put forth several different mortgage modification programs, the rate of foreclosures has continued to rise over the past several years. According to CoreLogic, about one-in-four (23%) mortgages were underwater in the second quarter of 2010, and...
Persistent link: https://www.econbiz.de/10008642859
El análisis del mercado de la vivienda, como parte fundamental en el desarrollo de la Economía Urbana de una región y por agregación de un determinado país, se ha constituido en una de las principales líneas de investigación de la última década. Debido al continuo incremento de los...
Persistent link: https://www.econbiz.de/10005814463
Information and Communications Technologies (ICT) can contribute to the modification and development of new patterns of behaviour by individuals in their everyday lives. The implementation of e-activities such as teleworking, tele-education or tele-shopping cut down the need for physical...
Persistent link: https://www.econbiz.de/10010854574
The paper addresses the issue of how sustainable development at the local level can be measured (evaluated) and proposes a methodology for assessing local development strategies in light of the main tenets of sustainable development and smart growth. In the theoretical sections of the article...
Persistent link: https://www.econbiz.de/10010857592