This paper examines whether it costs more to own a home or to rent. We argue this is a useful criterion for assessing housing overvaluation. We use a new Australian dataset, which includes prices and rents for matched properties, letting us value housing in levels. We find that if real house...

This paper investigates the behavior of capital buffers of Australian banks to changes in the business cycle. More particularly, whether there is a behavioral difference between big and small banks, and whether the 2008-09 global financial crisis influenced bank behavior with respect to capital...

This paper reviews recent academic work on the spatial concentration of entrepreneurship and innovation in the United States. We discuss rationales for the agglomeration of these activities and the economic consequences of clusters. We identify and discuss policies that are being pursued in the...

This work provides an analysis and an optimization model of the spatial impact for the urban policies of local governments in terms of urban regeneration and rehabilitation of degraded historic areas. From the amount invested and state intervention locations, an impact index is put forward. The...

: Individual perceptions have been shown to affect the decision to start a new firm. This decision is also contingent upon the context in which actions are taken. However, not much is known about the joint impact of entrepreneurs’perceptions and the urban/rural environment where the firm is...

Since the late 80s, Barcelona has become an international metropolis where the international competitiveness of the Spanish economy has mainly been concentrated. Until now, the ways of understanding the reasons why Barcelonas economic performance has achieved such a remarkable situation are...