The Impact Of Commercial Real Estate Regulations On Us Output PDF Download
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Author | : Fil Babalievsky |
Publisher | : |
Total Pages | : 0 |
Release | : 2023 |
Genre | : |
ISBN | : |
Download The Impact of Commercial Real Estate Regulations on U.S. Output Book in PDF, ePub and Kindle
Commercial real estate accounts for roughly 20% of the U.S. fixed asset stock, and commercial land use is highly regulated. However, little is known about the quantitative impact of these regulations on economic activity or consumer welfare. This paper develops a spatial general equilibrium model of the U.S. economy that includes commercial real estate regulations and congestion effects, the latter of which provide a rationale for such regulations. The model is tailored to exploit the near-universe of CoreLogic's commercial, parcel-level, property tax records to construct a quantitative index of commercial real estate regulations for nearly every commercial property. We use the model to evaluate the positive and normative impacts of commercial land use deregulations. Moderately relaxing commercial regulations across all U.S. cities yields large allocative efficiency effects, with output gains of about 3 percent to 6 percent and welfare gains of about 3 percent to 9 percent of lifetime consumption. We also find significant positive and normative gains from deregulation with 40 percent of the labor force working remotely.
Author | : Michael Ball |
Publisher | : Psychology Press |
Total Pages | : 422 |
Release | : 1998 |
Genre | : Architecture |
ISBN | : 9780415149938 |
Download The Economics of Commercial Property Markets Book in PDF, ePub and Kindle
With empirical examples drawn from around the world illustrating the theories and issues discussed, this text provides a rigorous analysis of real estate markets.
Author | : William A. Fischel |
Publisher | : Harvard University Press |
Total Pages | : 362 |
Release | : 2009-07-01 |
Genre | : Law |
ISBN | : 9780674036901 |
Download The Homevoter Hypothesis Book in PDF, ePub and Kindle
Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities. If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner’s principal asset—his home—will rise. Thus, as William Fischel shows, homeowners become watchful citizens of local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that cannot be diversified. Meanwhile, their vigilance promotes a municipal governance that provides services more efficiently than do the state or national government. Fischel has coined the portmanteau word “homevoter” to crystallize the connection between homeownership and political involvement. The link neatly explains several vexing puzzles, such as why displacement of local taxation by state funds reduces school quality and why local governments are more likely to be efficient providers of environmental amenities. The Homevoter Hypothesis thereby makes a strong case for decentralization of the fiscal and regulatory functions of government.
Author | : William A. Fischel |
Publisher | : |
Total Pages | : 416 |
Release | : 2015 |
Genre | : Electronic books |
ISBN | : 9781558442887 |
Download Zoning Rules! Book in PDF, ePub and Kindle
"Zoning has for a century enabled cities to chart their own course. It is a useful and popular institution, enabling homeowners to protect their main investment and provide safe neighborhoods. As home values have soared in recent years, however, this protection has accelerated to the degree that new housing development has become unreasonably difficult and costly. The widespread Not In My Backyard (NIMBY) syndrome is driven by voters’ excessive concern about their home values and creates barriers to growth that reach beyond individual communities. The barriers contribute to suburban sprawl, entrench income and racial segregation, retard regional immigration to the most productive cities, add to national wealth inequality, and slow the growth of the American economy. Some state, federal, and judicial interventions to control local zoning have done more harm than good. More effective approaches would moderate voters’ demand for local-land use regulation—by, for example, curtailing federal tax subsidies to owner-occupied housing"--Publisher's description.
Author | : Tim S. Ledwick |
Publisher | : |
Total Pages | : |
Release | : 1990 |
Genre | : Real estate investment |
ISBN | : |
Download The Impact of Tax Law Changes on Returns from Commercial Real Estate Investments Book in PDF, ePub and Kindle
Author | : Nancy Pindus |
Publisher | : Rowman & Littlefield |
Total Pages | : 274 |
Release | : 2011-01-01 |
Genre | : Business & Economics |
ISBN | : 0815704399 |
Download Urban and Regional Policy and its Effects Book in PDF, ePub and Kindle
Urban and Regional Policy and Its Effects, the third in a series, sets out to inform policymakers, practitioners, and scholars about the effectiveness of select policy approaches, reforms, and experiments in addressing key social and economic problems facing cities, suburbs, and metropolitan areas. The chapters analyze responses to five key policy challenges that most metropolitan areas and local communities face: • Creating quality neighborhoods for families • Governing effectively • Building human capital • Growing the middle class • Enlarging a competitive economy through industry-based strategies • Managing the spatial pattern of metropolitan growth and development Each chapter discusses a specific topic under one of these challenges. The authors present the essence of what is known, as well as its likely applications, and identify the knowledge gaps that need to be filled for the successful formulation and implementation of urban and regional policy.
Author | : World Bank |
Publisher | : World Bank Publications |
Total Pages | : 241 |
Release | : 2019-11-21 |
Genre | : Business & Economics |
ISBN | : 1464814414 |
Download Doing Business 2020 Book in PDF, ePub and Kindle
Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
Author | : |
Publisher | : |
Total Pages | : 620 |
Release | : 1963 |
Genre | : Marketing |
ISBN | : |
Download Marketing Information Guide Book in PDF, ePub and Kindle
Author | : Krzysztof Olszewski |
Publisher | : |
Total Pages | : 0 |
Release | : 2012 |
Genre | : |
ISBN | : |
Download The Impact of Commercial Real Estate on the Financial Sector, Its Tracking by Central Banks and Some Recommendations for the Macro-financial Stability Policy of Central Banks Book in PDF, ePub and Kindle
Author | : Stephen Broadberry |
Publisher | : Cambridge University Press |
Total Pages | : 363 |
Release | : 2005-09-29 |
Genre | : History |
ISBN | : 1139448358 |
Download The Economics of World War I Book in PDF, ePub and Kindle
This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.