This paper shows that rising real estate prices reduce industry productivity, because they lead to a reallocation of capital and labor towards inefficient firms. I establish that the rise in real estate value during the US housing boom relaxes firms' financial constraints. Companies borrow...

"This book provides a wealth of information and a critically required framework for sustainable automobile policy development in major Asian countries. It also gives a wide ranging policy options, ranging from technological and institutional solutions to automobile emission problems, based on...