This study examines the long- and short-run relationship between private consumption, housing wealth, stock market wealth and income. In order to asses this relationship empirically, we use pooled mean group estimators of dynamic heterogeneous panel data on a sample of 30 developed and emerging...

Land value capture can be defined as a policy approach that allows communities to restore and reinvest land value increases that result from public investment and other government actions. For that reason, public action should generate public benefit. The recurrent property tax, one of many...

Tourism's positive and negative externalities are of an extreme social and economic importance for the tourism dominant countries. In particular, studying tourism's impact on housing prices has experienced increased interest over the past decade as it has a relevant influence on real estate...