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The U.S. population is becoming increasingly urban and has gradually shifted to the south and west. Policy restrictions have played a role in preventing dynamic areas expanding, and when they do expand it can be through low-density housing sprawl. Land use restrictions and a sluggish housing...
Persistent link: https://www.econbiz.de/10012420890
House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the last few years, house prices have continued to trend...
Persistent link: https://www.econbiz.de/10010464985
Making housing more affordable ranks high on the policy agenda across the world. One way to achieve affordable housing is to ensure sufficiently elastic supply of the housing stock in response to demand shocks. This paper aims at disentangling policy from non-policy drivers in explaining...
Persistent link: https://www.econbiz.de/10012203177
By combining fresh estimates of housing supply and prices with recent long-term projections for their fundamental drivers such as population, income and interest rates, this paper produces scenarios for residential investment and real house prices up to 2050. For half of the covered countries,...
Persistent link: https://www.econbiz.de/10012304426
Persistent link: https://www.econbiz.de/10001509167
Persistent link: https://www.econbiz.de/10003397608
Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased...
Persistent link: https://www.econbiz.de/10010231018
China’s exceptional economic expansion has led to rising energy demand and pollution as well as other environmental … pressures. Strong efforts by the government have moderated emissions of some types of air and water pollution from high levels … other costs and reduce well-being. The 12th Five Year Plan aims at further reducing pollution and at other environmental …
Persistent link: https://www.econbiz.de/10009767753