Showing posts with label Global Housing Watch. Show all posts
Friday, February 28, 2025
On cross-country:
Working papers and conferences:
On the US—developments on house prices, rent, permits and mortgage:
On the US—other developments:
On China:
On Australia and New Zealand:
On other countries:
On cross-country:
Working papers and conferences:
On the US—developments on house prices,
Posted by at 5:00 AM
Labels: Global Housing Watch
Wednesday, February 26, 2025
From a book review by Barry Eichengreen:
“Collier contemplates the fate of left-behind places, such as South Yorkshire in the United Kingdom, devastated by the loss of its steel industry, and the Colombian city of Barranquilla, whose entrepot trade evaporated when its estuary silted up. In these cases and others, he blames centralized decision-making and blind faith in the market for failing to stem persistent decline. But he also highlights exceptions to the rule: left-behind places that rose from economic ruins. Examples include formerly depressed but now vibrant cities, such as Pittsburgh, and once stagnant but now relatively successful developing countries, such as Bangladesh and Rwanda. Keys to economic rejuvenation in these left-behind places are the devolution of decision-making powers to local and regional authorities, as well as having sufficient financial resources to implement the resulting bottom-up decisions. Collier reserves his harshest criticism for his own country, the United Kingdom, which has been singularly unsuccessful in lifting up neglected cities and regions.”
From a book review by Barry Eichengreen:
“Collier contemplates the fate of left-behind places, such as South Yorkshire in the United Kingdom, devastated by the loss of its steel industry, and the Colombian city of Barranquilla, whose entrepot trade evaporated when its estuary silted up. In these cases and others, he blames centralized decision-making and blind faith in the market for failing to stem persistent decline. But he also highlights exceptions to the rule: left-behind places that rose from economic ruins.
Posted by at 8:35 AM
Labels: Global Housing Watch
From a post by Astrid Haas:
“Africa’s cities are expanding at an unprecedented rate, bringing both challenges and opportunities. In this episode, feminist urban economist Astrid Haas explores three key pillars for inclusive and sustainable growth: governance, planning, and financing. In her view, effective governance requires adaptive institutions, transparent decision-making, and collaboration with civil society and the private sector to ensure cities meet the needs of all citizens. Proactive planning must address infrastructure, housing, and services while recognising the vital role of informal economies. Meanwhile, long-term, strategic financing and smarter municipal spending are essential for equitable development. With two-thirds of Africa’s population expected to live in cities by 2050, this conversation offers practical insights into harnessing urbanisation as a force for sustainable and inclusive growth.”
From a post by Astrid Haas:
“Africa’s cities are expanding at an unprecedented rate, bringing both challenges and opportunities. In this episode, feminist urban economist Astrid Haas explores three key pillars for inclusive and sustainable growth: governance, planning, and financing. In her view, effective governance requires adaptive institutions, transparent decision-making, and collaboration with civil society and the private sector to ensure cities meet the needs of all citizens. Proactive planning must address infrastructure,
Posted by at 7:43 AM
Labels: Global Housing Watch, Inclusive Growth
From a paper by Thao Le:
“This study examines the long-term impact of the Great Recession on employment in residential construction, and consequently housing supply. Using regional variation in house price declines during 2006–2009, I find that more severely impacted areas experienced a persistent reduction in construction employment but higher wage growth post-recession, consistent with a downward shift in construction labor supply. This contraction has a causal negative effect on housing production output. A 10% decrease in house prices during the crisis induced a 17%–20% reduction in 2019 construction employment, which in turn led to a 3.0%–5.7% decline in housing construction.”
From a paper by Thao Le:
“This study examines the long-term impact of the Great Recession on employment in residential construction, and consequently housing supply. Using regional variation in house price declines during 2006–2009, I find that more severely impacted areas experienced a persistent reduction in construction employment but higher wage growth post-recession, consistent with a downward shift in construction labor supply. This contraction has a causal negative effect on housing production output.
Posted by at 7:33 AM
Labels: Global Housing Watch
Saturday, February 22, 2025
From a paper by Arup Mitra, and Sabyasachi Tripathi:
“Although the focus on urbanization has shifted to developing countries, developed countries still face several challenges. In this regard, the present study proposes to investigate the capacity of cities in developed countries in terms of population size and reflects on the interaction between the city’s core and hinterland areas. In addition, the impact of cities on employment, gross domestic product, and productivity, as well as the short- and long-term relationship between them, are examined. We estimate Gini coefficients and apply panel stochastic frontier and panel cointegration approaches using data from 688 cities in 39 advanced countries to test our hypothesis. The estimated results show that the number of million-plus cities growing in developed nations varies widely, and a city’s hinterland and core vary in terms of population concentrations. The population in the core and hinterland areas have achieved saturation point. Therefore, the benefits of agglomeration economies have disappeared from these cities. It thus concurs with the S-shaped urbanization curve. The population concentration in the hinterland region is negatively impacted by territorial fragmentation and mean population exposure to particulate matter of 2.5 air pollution. There is a need to improve the density and management of environmental degradation through higher investment in making cities more productive and sustainable.”
From a paper by Arup Mitra, and Sabyasachi Tripathi:
“Although the focus on urbanization has shifted to developing countries, developed countries still face several challenges. In this regard, the present study proposes to investigate the capacity of cities in developed countries in terms of population size and reflects on the interaction between the city’s core and hinterland areas. In addition, the impact of cities on employment, gross domestic product, and productivity,
Posted by at 3:50 PM
Labels: Global Housing Watch
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