Commercial real estate and equity market bubbles : are they contagious to REITs?
Equity market ; Finance ; Real estate development ; Real estate market ; Real estate speculation ; Stock market ; Transaction cost ; United States of America ; Urban economy
This paper uses a regime-switching approach to determine whether prices in the US stock, direct real estate and indirect real estate markets are driven by the presence of speculative bubbles. The results show significant evidence of the existence
of periodically partially collapsing speculative bubbles in all three markets. A multivariate bubble model is then developed and implemented to evaluate whether the stock andreal estate bubbles spill over into REITs. The underlying stock market bubble is found
to be a stronger influence on the securitised real estate market bubble than that of the property market. Furthermore, the findings suggest a transmission of speculative bubbles from the direct real estate to the stock market, although this link is not present
Who lives in higher density housing? A study of spatially discontinuous housing sub-markets in Sydney and Melbourne
Australia ; Discontinuity ; Household ; Housing ; Housing market ; Location ; Melbourne ; New South Wales ; Spatial analysis ; Spatial distribution ; Sydney ; Victoria
This paper uses the concept of spatially discontinuous housing markets to unpack the structure of the current demand for apartments in Sydney and Melbourne, Australia’s largest cities. It therefore offers a new analytical tool to improve
understanding of high density housing markets as well as providing new insights into how such markets are structured at a time when planning policies and markets are delivering significantly greater quantities of this form of housing in many comparable urban
Powered by the state or finance? The organization of China’s carbon markets
Carbon ; Carbon market ; China ; Energy ; Financing ; Greenhouse effect ; Legislation ; Market ; Non-governmental organization ; Role of the State
of China’s carbon markets. It concludes that China has put the market-based policy instrument of carbon trading under a substantial concentration of state power. Also, the findings have important implications for understanding the rise of carbon markets
Making markets : think tank, legislation and private property in Detroit
Detroit city ; Foreclosure ; Land ; Land market ; Legislation ; Michigan ; Neo liberalism ; Owner-occupier ; Private property ; United States of America ; Urban policy ; Urban renewal
This study examines how declining cities have become key sites for tailored market interventions, focusing on the collapse of Detroit's land market. It explains that long term decline has been exacerbated by legislative changes orchestrated by think
tanks seeking to reinvogorate the market for private property while using homeownership for neighborhood stabilization. It explains the trajectory of these policies of market fundamentalism and indicates that this approach involves a revitalization
Seeking opportunities : international market selection by European engineering consultancies
Economic sector ; Engineering department ; Firm ; Internationalization ; Location ; Producer services ; Thematic mapping ; World market
factors influencing international market selection are examined. It is shown that current spatial patterns are only partly shaped by the declining importance of cross-national distance. Instead, market seeking motivations and the exploitation of time
-critical opportunities appear to be of more significance. Further, changing patterns of market selection are observed.
Geographic factors affecting the presence of transhipment services in regional maritime container markets
Container ; Freight ; Harbour ; Market ; Model ; Regionalization ; Sea basin ; Service ; Socio-economic system ; Spatial concentration ; Transhipment ; World
also should be considered, as the processes involved in the maritime container freight market are comparable to processes in other transport markets. They show that transhipment services are relevant in those regions with closed sea basins.
This article analyses the symmetric effects of national-based active labour market policies in Italy. The results suggest that while in the South employment is mainly driven by social and economic context variables, in the North the employment
dynamics are significantly explained by policy interventions. Two policy implications are suggested. First, the success of active ones depends on the regional labour market conditions. Second, policy-makers should adjust labour policy strategy to regional
Urban infrastructure dynamics : market regulation and the shaping of district energy in UK cities
District ; Economic efficiency ; Electricity ; Energy ; Infrastructure ; Liberalisation ; Market regulation ; Regulation ; United Kingdom ; Urban area
Using the example of district energy in a number of UK cities, the article outlines the ways in which the structure of national electricity markets and the activities of the energy regulator influence and shape the development of low-carbon
Branding natural resources : science, violence and marketing in the making of teak
Brand ; Burma ; Esthetics ; Forest ; Marketing ; Natural resources ; Nineteenth Century ; Political geography ; Power ; Teak ; Twentieth Century ; Violence
and marketing – that inform the genesis of brands, exploring their deployment in the making of teak with reference to selected historical and geographical entanglements of the British Empire and former colonies (notably Burma as prime country of origin).
Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to, and density of, cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland
This article questions whether the internet can subsitute for retail stores in Chicago. The exploration of supply, demand, and geographic practices reveals complex alterations, rather than a displacement of second-hand markets by eBay. It also finds
substantive integration, fluidity, and hybridization within and across market sectors. Rather than supplant the production of new goods, secondary markets are intertwined with primary markets, calling into question some of the presumed benefits and meanings
Forest certification with Chinese characteristics : state engagement with non-state market-driven governance
to the differing needs of both international and domestic markets simultaneously, whilst ultimately assuming a legitimate form of (institutionalized) domestic governance, which allows the government to maintain their authority over the mechanism and its operations
. It also on focuses on the principles of non-state market-driven overnance through an analysis of the legitimate authority afforded to the state, third-parties and NGOs within China.
Travel to school and housing markets : a case study of Sheffield, England
Education ; England ; Housing ; Housing market ; Primary education ; School choice ; Secondary education ; Sheffield ; Time-distance ; Trip ; United Kingdom
This paper reviews the relation of patterns of travel to school to concerns about public health, school choice, urban form, and residential housing markets in Sheffield. The results suggest that, while there are high levels of excess commuting
Developing an indicator of property market resilience—Investigating the potential of GIS to analyse business occupier displacement and property market filtering : a case study of Tyne and Wear
England ; Firm ; Geographical information system ; Land ; Land market ; Land value ; Location ; Offices ; Resilience ; Trade ; Tyne and Wear ; United Kingdom
Railroads and regional labor markets in the mid-nineteenth-century United States : a case study of the Baltimore and Ohio Railroad
Appalachian Mountains ; Employment ; Historical geography ; Labour mobility ; Local labour market ; Nineteenth Century ; Railway ; United States of America
accumulation, and their relevance to a radical green political economy ; 3-Institutional mobility and mutation in the global capitalist system : a neo-Polanyian analysis of a transnational cotton standards war, 1870–1945 ; 4-Marketization beyond
neoliberalization : a neo-Polanyian perspective on China’s transition to a market economy ; 5-Turning financial markets inside out : Polanyi, performativity and disembeddedness ; 6-Polanyian pedagogies in planning and economic geography ; 7-Polanyi, double movements