The report offers both a new and comparative methodology for measuring backlogs and pendency, as well as empirical findings on the relationship between application stocks and examination pendency in the UK and the US. Understanding these relationships is critical for better evidence based policy...

This paper applies structural econometric methodology to estimating and forecasting the greater London office market. We assemble a time series covering the 1970-1995 period and estimate equations for net space absorption, movements in rents and new building orders. Together with two identities,...