Uno de los temas más controvertidos de las últimas décadas es el de las relaciones entre el crecimiento del sector servicios y su papel en la evolución de la productividad agregada de las economías desarrolladas. A pesar del dominante rol que tienen las actividades terciarias en la...

The role of the tertiarization processes on the growth of the overall productivity in the advanced economies has risen as one of the most controversial topics during the recent decades in the specialized literature. Despite the quantitative and the strategic importance of the service industries...

The aim of this paper is to analyze the spatial changes in the Dijon urban area (COMADI) by studying in particular the new tendencies of localization of the high order producer services. Our results display a multicentric structure of the COMADI which exhibits several employment poles. Not only...

This study examines the impact of sentiment shock, which is defined as a stochastic innovation to the Housing Market Confidence Index (HMCI) that is orthogonal to past housing price changes, on aggregate housing price changes and housing price volatility. This paper documents empirical evidence...

This study examines the impact of sentiment shock, which is defined as a stochastic innovation to the Housing Market Confidence Index (HMCI) that is orthogonal to past housing price changes, on aggregate housing price changes and housing price volatility. This paper documents empirical evidence...

To better understand the potential and limitations of the tokenization of real asset markets, empirical studies need to examine this radically new organization of financial markets. In our study, we examine the financial and economic consequences of tokenizing 58 residential rental properties in...

Valuation of subdivision land is not a one-size-fits-all endeavour. This article demonstrates the relationship between profit and yield and their application in land valuation. A subdivision development static method is suggested, and the impact of leverage, trending, and project duration on...

The paper explores how the standard consumption-CAPM fares in pricing housing returns and regional rental income streams in a cross-section of regions. In particular, we estimate the Euler equations associated with the gross housing returns inclusive of price appreciations and rents jointly for...