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, where global climate negotiations are deadlocked. Tokyo, the world's biggest metropolis and emitter of greenhouse gases … available. Hence, the paper answers the question to what extend Tokyo's new carbon market can be considered a worthwhile model …-to-date sustainability economics reasoning, the paper evaluates the design and the recent results of Tokyo's carbon market, showing that …
Persistent link: https://www.econbiz.de/10010294357
Verwaltungsverfahren zum Vollzug von Immobilienverträgen sind bürokratisch und langwierig, daher stehen amtliche Daten zur Entwicklung von Immobilienpreisen nur zeitverzögert und lückenhaft bereit. Infolgedessen werden für wichtige Aufgaben – wie die Überwachung der Finanzstabilität...
Persistent link: https://www.econbiz.de/10012505576
Die vorliegende Studie untersucht den Realoptionsansatz als Bewertungsverfahren für unentwickelte Immobilien. Im …
Persistent link: https://www.econbiz.de/10010296455
This paper documents the trends in the life-cycle profiles of net worth and housing equity between 1983 and 2004. The net worth of older households significantly increased during the housing boom of recent years. However, net worth grew by more than housing equity, in part because other assets...
Persistent link: https://www.econbiz.de/10010298383
Property values are affected by the properties’ physical, accessibility and environmental features. Railway stations function as nodes in transport networks and places in an urban environment. They have accessibility and environmental impacts, which contribute to property value. The literature...
Persistent link: https://www.econbiz.de/10010325150
It is a common assumption that regions within the same country converge to approximately the same steady-state income levels. The so-called absolute convergence hypothesis focuses on initial income levels to account for the variability in income growth among regions. Empirical data seem to...
Persistent link: https://www.econbiz.de/10011324936
We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment channel. We first present empirical evidence on this channel and then develop an OverLapping-Generations (OLG) model to study the issue. In this model, savings adjust...
Persistent link: https://www.econbiz.de/10011324959
This paper investigates the connection between resource abundance and innovation, as a transmission mechanism that can elucidate part of the resource curse hypothesis; i.e. the observed negative impact of resource wealth on income growth. We develop a variation of the Ramsey-Cass-Koopmans model...
Persistent link: https://www.econbiz.de/10011324996
We examine empirically the effect of natural resource abundance on economic growth. We find that natural resources have a negative impact on growth when considered in isolation, but a positive impact on growth when including in the analysis other variables such as corruption, investments,...
Persistent link: https://www.econbiz.de/10011325038
We combine the resource curse literature with the literature on cross-border mergers and acquisitions (M&As) to investigate two hypotheses, namely (i) natural resources wealth: countries with a comparative advantage in natural resources attract more M&As in natural resource intensive sectors and...
Persistent link: https://www.econbiz.de/10010325701