Real residential investment in Germany is found to be cointegrated with population, real national income per capita and real house prices. This evidence is consistent with a model where the trend in housing demand is determined by demographic factors and economic well-being to which supply...

Mit der Studie legt Dominik Weiß die erste umfassende Untersuchung vor, die sich quantitativ mit den Effekten des Stadtumbaus auf Preis­bildung und Wertentwicklung am Immobilienmarkt auseinandersetzt. Durch die Anwendung eines realoptionstheoretischen Ansatzes wird eine innovative...

This paper hypothesizes that the increase in money supply induced by rapid economic growth leads to strong investment demand in the Taiwanese housing market. A threshold model is used to confirm money supply as the key threshold variable. When the growth rate of money supply is below the model's...