The goal of this study is to identify the long-term relationship between housing values and interest rates in the Korean housing market, using the cointegration test and spectral analysis. The result shows a long-term negative (–) equilibrium relationship between housing values and interest...

Knowing more precisely how zoning affects housing value would allow policy-makers to improve long-term policy decisions. Previous studies have concluded that local zoning regulations affect residential option value. These studies, however, do not specify the magnitude of the effect for varying...

Knowing more precisely how zoning affects housing value would allow policy-makers to improve long-term policy decisions. Previous studies have concluded that local zoning regulations affect residential option value. These studies, however, do not specify the magnitude of the effect for varying...

Urban peripheries in many developing countries lack basic local public goods like street pavement, water, sewerage and electricity. We design an experiment of street pavement provision in a Mexican urban area and estimate impacts on a set of indicators obtained from a household survey. Our...

Urban peripheries in many developing countries lack basic local public goods like street pavement, water, sewerage and electricity. We design an experiment of street pavement provision in a Mexican urban area and estimate impacts on a set of indicators obtained from a household survey. Our...

In hedonic housing models, the spatial dimension of housing values are traditionally processed by the impact of neighborhood variables and accessibility variables. In this paper we show that spatial effects might remain once neighborhood effects and accessibility have been controlled for. We...

In hedonic housing models, the spatial dimension of housing values are traditionally processed by the impact of neighborhood variables and accessibility variables. In this paper we show that spatial effects might remain once neighborhood effects and accessibility have been controlled for. We...

This paper investigates the aggregate cash inflows and outflows of domestic equity mutual funds as well as their net flows for the U.S. and Japan in an international context. The U.S. and Japan are two representative countries that have the largest and most developed fund markets in the Western...

This paper analyzes short-run relationships between German, Austrian and Polish stock market indices using the Markov Switching VAR (MSVAR) model. The impulse response function is used as the main tool and reveals two market phases. The results are useful for investors; reactions to disturbances...