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Diskussionspapiere 1410 / 2014
The energy efficiency of the residential housing stock plays a key role in strategies to mitigate climate change and global warming. In this context, it is frequently argued that private investment and the quality of thermal upgrades is too low in the light of the challenges faced and the potential energy cost savings. While many authors address the potential barriers for investors to increase energy ...
2014| Claus Michelsen, Sebastian Rosenschon, Christian Schulz
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Diskussionspapiere 1398 / 2014
Concerns about global warming and growing scarcity of fossile fuels require substantial changes in energy consumption patterns and energy systems, as targeted by many countries around the world. One key element to achieve such transformation is to increase energy efficiency of the housing stock. In this context, it is frequently argued that private investments are too low in the light of the potential ...
2014| Konstantin A. Kholodilin, Claus Michelsen
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SOEPpapers 668 / 2014
In this paper a descriptive overview of the housing situation of immigrants in Germany is combined with a multivariate analysis on potential effects of rental price discrimination for specific groups of immigrants. The driving research question is, whether immigrants systematically pay higher rents for comparable flats. Utilizing data from the German Socio-economic Panel (SOEP) different variables ...
2014| Andreas Hartung
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Diskussionspapiere 1391 / 2014
The World War I played a key role in shaping modern housing policy. While in the pre-War time virtually no housing policy existed, the beginning of hostilities led to an almost immediate and comprehensive state intervention in the housing market, particularly among those engaged in the war. Despite initially similar conditions and challenges induced by the war, housing policy was carried out in different ...
2014| Konstantin A. Kholodilin, Mark G. Meerovich
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Refereed essays Web of Science
In this paper, the authors construct country-specific chronologies of the house price bubbles for 12 OECD countries over the period 1969:Q1-2009:Q4. These chronologies are obtained using a combination of a fundamental approach and a filter approach. The resulting speculative bubble chronology is the one which provides the highest concordance between these two techniques. In addition, the authors suggest ...
In:
Economics
7 (2013), 9, 26 S.
| Christian Dreger, Konstantin A. Kholodilin
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DIW Economic Bulletin 6 / 2013
When speculative price bubbles on real estate markets burst, the effects for the real economy are often devastating taking the form of substantial losses in production and employment. This paper discusses the degree to which institutional frameworks can prevent speculative bubbles from emerging and expanding. Comparing experiences in different countries indicates that, in Germany, institutional regulations ...
2013| Christian Dreger, Konstantin A. Kholodilin
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Externe Monographien
Heidelberg:
Physica- Verl.,
2013,
263 S.
(ZEW Economic Studies ; 44)
| Klaus Rennings, Bettina Brohmann, Julia Nentwich, Joachim Schleich, Thure Traber, Rolf Wüstenhagen (Eds.)
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Diskussionspapiere 1270 / 2013
Spatial heterogeneity and spatial dependence are two well established aspects of house price developments. However, the analysis of differences in spatial dependence across time and space has not gained much attention yet. In this paper we jointly analyze these three aspects of spatial data. We apply a panel smooth transition regression model that allows for heterogeneity across time and space in spatial ...
2013| Katharina Pijnenburg
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Refereed essays Web of Science
For many analysts, the Chinese economy is being spurred on by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with potentially adverse effects on the real economy. The house price development is investigated by panel cointegration techniques. Evidence is based on a data-set for 35 major cities. Cointegration is detected between real house ...
In:
Urban Policy and Research
31 (2013), 1, S. 27-39
| Christian Dreger, Yanqun Zhang
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Externe Monographien
When analyzing economic aspects at regional levels, the spatial dimension of the data plays a crucial role. This is the case as spatial data and models are often characterized by two spatial effects, namely spatial dependence and spatial heterogeneity. The field of spatial econometrics is a separate field in econometrics that explicitly incorporates these spatial effects into econometric models. Following ...
Berlin:
Freie Univ. Berlin, FB Wirtschaftswiss.,
2013,
XXX, 103 S.
| Katharina Pijnenburg