Showing 1 - 10 of 183
Sustainable urbanization in developing countries will be one of the major challenges of the 21st century. Especially in Africa where the current rate of urbanization is fastest and cities are least prepared to offer poor migrants decent living conditions through innovative solutions in housing,...
Persistent link: https://www.econbiz.de/10013136312
Using the Tsay (1988) outlier identification methodology on daily log-returns of 16 commodity spot price series and 25 commodity index series, this study assesses the impact significant and unexpected news announcements had on volatility between January 1, 1997 and December 31, 2007. Results...
Persistent link: https://www.econbiz.de/10013146702
This article provides an insightful overview of the challenges encountered by the insurance industry when applying the requirements of IFRS 17 to reinsurance contracts. Through the metaphor "Fitting a Square Peg in a Round Hole," the author effectively captures the complexities and difficulties...
Persistent link: https://www.econbiz.de/10014349739
Extending previous work on the determinants of IMF lending in an interconnected world, we introduce a model of sample selection in which both selection and size dimensions of individual IMF arrangements are presented within a unified econometric framework. We allow for unobserved heterogeneity...
Persistent link: https://www.econbiz.de/10012864111
This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...
Persistent link: https://www.econbiz.de/10014180395
We contribute to the debate on whether tourism should be considered a discipline or just a field of study. By re-arranging Hirst's four criteria (1974) to define a primary form of knowledge (a discipline), we affirm that tourism economics can be considered an established economic discipline in...
Persistent link: https://www.econbiz.de/10014199388
This article further develops a framework of Brander and Spencer (1984) by adding Border Carbon Adjustments (BCA) to compensate for cost differences caused by emissions reduction among countries. On a level playing field, BCA is one-directional in that only a country with a more stringent carbon...
Persistent link: https://www.econbiz.de/10014154034
The report investigates the impacts of short-term rental services (STRs), such as Airbnb, Homeaway, etc., on the residential housing market and hotel/accommodation market in the city of Seattle, Washington. Our primary goal is to examine critiques against STRs to assess their empirical validity...
Persistent link: https://www.econbiz.de/10012950638
We examine commercial office rental yields in 89 large cities in 33 developed and developing countries in the 2000-2019 period. As expected, commercial office yields have declined throughout the world, reflecting a decline in the real rate of interest over this time period. Our cross-city...
Persistent link: https://www.econbiz.de/10013242156
Traditional urban models predict that office rents will be higher in larger and more prosperous cities with better transport and with industries with stronger agglomeration benefits. In addition, rental yields are expected to be lower in growing cities, especially when the supply of new office...
Persistent link: https://www.econbiz.de/10012894305