scholarly journals The Marginal Products of Residential and Non-Residential Capital Through 2009

2010 ◽  
Author(s):  
Casey Mulligan ◽  
Luke Threinen
Keyword(s):  
Residential Capital

Adelaide's Heart Transplant 1970–88: 1. Creation, Transfer, and Capture of ‘Value’ within the Built Environment

1992 ◽  
Vol 24 (2) ◽  
pp. 215-241 ◽  
Author(s):  
B A Badcock
Keyword(s):  
Monetary Policy ◽  
Built Environment ◽  
Heart Transplant ◽  
Value Creation ◽  
Development Programme ◽  
Property Market ◽  
Housing Investment ◽  
The Past ◽  
Residential Capital ◽  
Fiscal And Monetary Policy

The circulation of capital within the built environment, as first formalised by Harvey in 1978, is treated empirically via an analysis of residential capital formation and the transfer of value within the Adelaide Metropolitan Area, in the period 1970–88. Operational concepts of value ‘creation’, ‘transfer’, and ‘capture’ are defined before estimates of housing investment and its redistribution through the medium of the urban property market are derived. These are imputed for eight subregions of Adelaide. It is suggested that the chief beneficiaries from the ‘capture’ of value during the past two decades have been the Inner Adelaide suburbs and homeowners; hence the implication of Adelaide's ‘heart transplant’. Harvey's ‘framework for analysis’ and more particularly his account of the timing and patterning of (dis)investment within the built environment are then evaluated in light of Adelaide's experience between 1970 and 1988. It is decided that urban investment trends and patterns cannot be properly understood without giving much greater deference to fiscal and monetary policy together with the state's urban development programme than Harvey is prepared to in his analysis.

Immigration Wave: Soviet Jew Exodus

2018 ◽  
Author(s):  
Assaf Razin
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Soviet Union ◽  
Urban Areas ◽  
Physical Capital ◽  
Behavioral Characteristics ◽  
Soviet Jews ◽  
The Soviet Union ◽  
The World ◽  
Residential Capital

The disunion of the Soviet Union and the destruction of communism in the USSR 1987-1991 triggered the recent emigration wave of Soviet Jews to various parts of the world, primarily to Israel. The professional, social, attitudinal and behavioral characteristics of the 1990s Jewish exodus cohort proved to be distinctive. Immigrants came mostly from urban areas, with advanced education systems. Immigration produced massive investments, both in residential structures and in non-residential capital. These investments were so substantial that they increased the capital to labor ratio and facilitated economic growth, aided by the remarkable human capital brought by the immigrants. The massive investments in physical capital and infrastructures were financed by capital imports as immigrants themselves fled their former homes almost penniless and credit constrained so that they hardly saved.

Persepolis

1938 ◽  
Vol 7 (20) ◽  
pp. 65-75
Author(s):  
G. Stott
Keyword(s):  
The West ◽  
Persian Empire ◽  
North East ◽  
The North ◽  
Residential Capital ◽  
The Town

Forty miles north-east of Shiraz, in the Mervdasht plain near the confluence of the Bandamir and Pulvar rivers, stand the palaces of Persepolis on a spur of the little mountain Kuh-i-Rahmet. Across the valley to the west at Husein Kuh are the tombs of the kings. Farther up the Pulvar, at Istakhr, are the barren ruins of the town of Persepolis; and at a spot twenty miles to the north-east (but forty by the windings of the Pulvar) Cyrus the Great, the founder of the Persian Empire, built his residential capital, Pasargadae.

scholarly journals Quasi-Experimental Evidence on the Connection between Property Taxes and Residential Capital Investment

2015 ◽  
Vol 7 (1) ◽  
pp. 300-330 ◽  
Author(s):  
Byron Lutz
Keyword(s):  
School Finance ◽  
Capital Investment ◽  
Property Tax ◽  
The State ◽  
Property Taxes ◽  
Finance Reform ◽  
School Finance Reform ◽  
Home Construction ◽  
Quasi Experimental ◽  
Residential Capital

Do low property taxes attract new home construction? This question is answered using a large shock to property tax burdens caused by an unusual school finance reform in the state of New Hampshire. The estimates suggest that, in most of the state, communities with a reduced tax burden experience a substantial increase in residential construction. In the area of the state near the region's primary urban center (Boston), however, the shock clears through a price adjustment—i.e., by capitalizing into property values. The differing responses are attributed to differing housing supply elasticities. (JEL H71, H73, R31)

scholarly journals Canada’s Economy in 2021: Exiting the “Pandemic” Recession

2021 ◽  
pp. 0
Author(s):  
Lyudmila Nemova
Keyword(s):  
Budget Deficit ◽  
Oil And Gas ◽  
Federal Budget ◽  
Economic Activities ◽  
Emergency Plan ◽  
Fiscal Stimulus ◽  
Global Pandemic ◽  
Global Demand ◽  
Residential Capital ◽  
The Waves

The article analyses the dynamics of the Canadian economy in 2020-2021, during the unprecedented global “pandemic” recession. It is shown that like in many other countries, the economic ups and downs in Canada closely followed the waves of the COVID-19 infection spreading across the regions and the subsequent rounds of regulatory restrictions on “high-contact” economic activities, citizens’ travel inside and outside the country, international trade, and etc.  In the latter half of the 2020 several goods-producing industries showed signs of recovery which continued through the following year. However, it was only mass vaccination of Canadians in all provinces and territories that created conditions for sustained re-opening of businesses in most sectors of the national economy by the end 2021. The author looks at the internal and external drivers of recovery and continued growth.  It is shown that on the whole the federal emergency plan proved to be successful in providing income support for Canadians and preventing bankruptcies among small and medium-sized businesses. The 2021 Federal Budget includes more than $100 billion in new spending over three years. It is expected that massive fiscal stimulus coupled with pent-up demand will sustain strong consumer spending after the speedy vaccine rollout allows businesses to fully reopen. At the same time, non-residential capital expenditures by private sector companies will increase only moderately in most sectors after a sizable decline in 2020. This year Canada’s resource-based industries are benefiting from the growing global demand for oil and gas, base metals, forest and agricultural products. The concluding part of the article analyses the major risks which can slow the economic recovery: the global supply-chain bottlenecks, labour market imbalances, growing inflation pressures, and massive federal budget deficit.

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