Medium-term cycles and housing: Is regional integration different?

Medium and long-term projections of housing needs in Australia

Iran’s Resistance Economy and Regional Integration

Iran’s ‘resistance economy’ is sometimes presented as defensive strategy. Despite Washington’s ‘New Middle East’ wars and the rapid evaporation of expected benefits from the long JCPOA (nuclear deal) process, a certain illusion remains that a general ‘normalisation’ with the outside powers might still bring economic benefits to the country. Nevertheless, it remains true that, while Iran is a la...

U.S. R&D and Japanese Medium Term Cycles*

In the thirty year period between 1960 and 1990 Japan saw labor productivity rise from a level of 27 percent of the U.S. to 87 percent of the U.S. This development miracle can be explained by an initial low capital stock and measured variations in TFP. These facts motivate our investigation into the sources of Japanese TFP variations. We consider Japanese and U.S. data that is Þltered to retain...

“Housing Return And Construction Cycles”

This paper presents a model of a mature city that depends upon the rehabilitation of old home sites for new housing. Within the model housing returns, housing construction, mortgage loan terms, and household maintenance behavior are all endogenous. The model’s premise is that the value of a home, unlike the value of many other financial assets, depends upon the care its owner exerts on upkeep. ...

National and Regional Housing Patterns

R esidential investment is one of the most volatile components of GDP. Coming out of a recession, it is not uncommon for residential investment to jump by more than 20 percent in a year. Going into a recession, it may fall by a similar fraction. Thus, while residential investment accounts for just 4 percent of GDP, it can have a disproportionate influence at critical junctures. Fluctuations in ...