Recent analyses relate increases in the growth rate of countries to anticipation effects caused by bidding for the Olympic Games, so called news shocks. We argue that these findings should be interpreted cautiously. First, these analyses may suffer from an omitted variable bias because they...

While urban renewal programs have become widely used policy measures to target urban development less is known about the reasons why certain areas are more responsive to policy inter-ventions than others. With this study we address some of these issues by analyzing an urban re-newal program in...

We use a quasi-experimental research design to study the effects of a spatially targeted renewal policy implemented in Berlin, Germany, in the aftermath of the city's division during the Cold War period. Our results suggest that over the course of 20 years, the policy helped to reduce (increase)...

Urban renewal areas are popular instruments in spatial planning to prevent urban decline and to induce urban renewal. 22 renewal areas were implemented in Berlin, Germany alone between 1993 and 1995, mainly to increase housing and living quality in the aftermath of the city s long division...

Using hedonic pricing models, this paper analyzes the impact of places of worship on the prices of adjacent condominiums in Hamburg, Germany. This is the first study on this subject to have been conducted outside the United States. It is also the first work to examine the externalities of places...

Rose & Spiegel (2011) find that Olympic Games host countries experience significant positive and lasting effects on exports. They interpret their results as an indication that countries use the hosting of such an event as a signal of their (new) openness and competitiveness. We challenge these...

Rose & Spiegel (2011) find that Olympic Games host countries experience significant positive, lasting effects on exports. They interpret their results as an indication that countries use the hosting of such events to signal openness and competitiveness. We challenge these empirical findings on...

Urban renewal areas are popular instruments in spatial planning to prevent urban decline and to induce urban renewal. 22 renewal areas were implemented in Berlin, Germany alone between 1993 and 1995, mainly to increase housing and living quality in the aftermath of the city s long division...

A recent study finds that Olympic Games host countries experience significant positive, lasting effects on exports. They interpret their results as an indication that countries use the hosting of such events to signal openness and competitiveness. The authors challenge these empirical findings...