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Metropolitan commercial real estate markets are highly influenced by global forces, the regional economy, and institutional behaviour. While descriptions of regional commercial real estate markets are well known and widespread in academic literature, this monograph goes beyond that in explaining the dynamics in and variations between European metropolitan markets. By comparing those markets on relevant indicators and through extensive data analysis, a number of explaining factors is revealed. Contributions on specific metropolitan markets with different positions within the real estate cycle illustrate not only the characteristics of the local economy and its institutions, but also urgent issues such as battling vacancy, changing retail hierarchy or managing obsolescence.
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment, and the effects are primarily felt by the relatively smaller businesses; the impact on large businesses are generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we need to focus on the relatively smaller and entrepreneurial businesses. We discuss implications for the framing of economic policy.
This book provides a comprehensive analysis of housing theory and policy with a focus on metropolitan regions. The results are based on case studies of twelve European metropolitan regions, including expert panels organized in each. Using an approach from the field of industrial economics, the analysis is divided into the three related stages, "structure", "conduct" and "performance."
This restructured, updated Third Edition provides a general overview of the econometrics of panel data, from both theoretical and applied viewpoints. Readers discover how econometric tools are used to study organizational and household behaviors as well as other macroeconomic phenomena such as economic growth. The book contains sixteen entirely new chapters; all other chapters have been revised to account for recent developments. With contributions from well known specialists in the field, this handbook is a standard reference for all those involved in the use of panel data in econometrics.
This thesis investigates the connection between environmental regulation, technological innovation, and export competitiveness in renewable energy equipment based on a large sample of 225 developed and developing countries from 1990 to 2012. The empirical analysis yields strong supporting evidence for the narrowly strong Porter Hypothesis as well as for the lead market theory. The results suggest that environmental regulation drives innovation and export volumes in solar- and wind-power-related goods. This is particularly the case for well-crafted (i.e. market-based, output-oriented, and clear) instruments such as carbon trading regimes. Moreover, the data show that early adopters of renewable energy support policies benefit most.
Architecture and the urban are connected to challenges around violence, security, race and ideology, spectacle and data. The first volume of this handbook extensively explored these oppressive roles. This second volume illustrates that escaping the corporatized and bureaucratized orders of power, techno-managerial and consumer-oriented capitalist economic models is more urgent and necessary than ever before. Herein lies the political role of architecture and urban space, including the ways through which they can be transformed and alternative political realities constituted. The volume explores the methods and spatial practices required to activate the political dimension and the possibility...
This important book collects together Peter Nijkamp's work on spatial-economic markets, particularly housing and labour markets, and the increasing impact of information technology on mobility and the location of firms, residents and job seekers. The first part deals with applied modelling and theoretical advances in housing market dynamics and research. The papers address issues such as the implications of household dynamics for relocation decisions, migration movements in Europe, and the driving forces for migration decisions of ethnic groups. The second part focuses on the spatial labour market, dealing with recruitment channel and search channel choices by job seekers and firms, vacancy ...
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