Protectionism is back on the agenda as the financial crisis deepens. With calls for measures that purport to protect low income workers growing louder in the West, it is essential that the economic arguments in favour of free trade and globalization are re-emphasised. Philip Booth and Richard...

Despite improvements in certain countries in recent years, the provision of performance information on the direct real estate market still suffers from a lack of timeliness and reliability. The latter problem is particularly an issue for higher‐frequency data provision. This paper investigates...

Looks at the problem of endowment assurances that do not meet their targets to repay residential mortgages. By analysing the present value of payments under different inflation and interest‐rate regimes, we conclude that the perceived problems with endowment policies may simply be a...

Examines the impact of using “unsmoothing” techniques on real estate data to take pension‐plan asset‐allocation decisions. It is generally believed that valuation‐based real estate indices give rise to returns figures which are “smoothed” versions of the underlying transaction...

This article looks at the new arrangements for strategic land use planning policy in the English regions and the questions that these arrangements raise for the successful implementation of policy. It then turns to the case of Lyon, France, which has had a rather longer history of strategic...

At the end of 2000, France enacted major reform of its planning system in the <italic>Loi relative a` la solidarite´ et au renouvellement urbains</italic> (Loi SRU). It presented a restructuring of the instruments of land-use planning and in addition carried sections that dealt with housing policy and urban...