Using around one million repeat sales observations of single-family homes across New Zealand, over the period 1992 to 2021, we provide evidence that idiosyncratic risk in real house price appreciation varies considerably across houses. We find that idiosyncratic risk is time varying, depends...

Nighttime lights observed from satellites are a widely accepted proxy measure for economic development. This is mainly based on cross-country evidence that finds strong correlations between lights and Gross Domestic Product. Yet, the evidence on the correlations at local levels is scarce, and it...

In the twenty-first century, clusters can be observed in most developed economies. However, the scientific results regarding the effect of clusters on firm performance are highly contradictive. The inconsistencies in the empirical results make it difficult to infer general conclusions about the...

Although the literature provides a huge number of studies on specialized regions, such as clusters and industrial districts, most of them concern developed regions. Studies that focus on the initial processes and preconditions for the emergence of economic specialization in lagging regions are...

The article offers aqualimetric assessment of the innovation in regional economic systems, taking into account digitization. The study was based on the methodology of general scientific methods of cognition and special methods of scientific research in the field of the development of productive...

This paper studies the effect of two place-based policies implemented in Cali, Colombia on social capital and trust. We use the CaliBRANDO survey to account for institutional and interpersonal trust, matching neighborhood of residence and where policies are applied. We set up a...

This paper develops a theoretically consistent technique for valuing non-marketed local attributes using compensating income differentials in the absence of housing market data. The individual's indirect utility function is identified with aggregate data describing equilibrium location...

In the last funding periods there was steady increase in the number of LEADER-regions in Europe, and, at least in Germany, it is already evident that this gain will continue: for the 2014-2020 funding period there around 300 LAGs expected in comparison to 244 LAGs in the last period. For the new...

The main aim of the paper is to make an empirical investigation on tourism seasonality. Moreover, the research examines seasonal patterns in tourism in terms of tourist arrivals. In this line, the case of Macedonia is studied by employing the Gini coefficient and Seasonality Indicator, thus...

Eine verantwortungsvolle Corporate Governance soll dazu beitragen, dass einerseits das Energieunternehmen und andererseits der wesentliche Gesellschafter, die Kommune, bei der Erfüllung ihrer Ziele unterstützt werden. Wie jeder private Anteilseigner strebt die politische Führung einer Kommune...