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Articles 1 - 5 of 5
Full-Text Articles in Urban Studies and Planning
Macroeconomic Effects Of Over-Investment In Housing In An Aggregative Model Of Economic Activity, Hian Teck Hoon
Macroeconomic Effects Of Over-Investment In Housing In An Aggregative Model Of Economic Activity, Hian Teck Hoon
Research Collection School Of Economics
Is there a theoretical basis for the view that the end of a period of over-investment necessarily leads to a period of below-normal employment as the excess capital stock is run down? We study the repercussions of a false boom in housing driven by prior expectations of future housing prices not justified by fundamentals. When these expectations are corrected, the result is a precipitous drop in housing prices and, on that account alone, some drop in employment. There is also a bulge in the housing stock. In the case of a closed economy, the downward shift of the term structure …
Collaboration Between The Public And Private Sectors For Urban Development, Sock-Yong Phang
Collaboration Between The Public And Private Sectors For Urban Development, Sock-Yong Phang
Research Collection School Of Economics
In market economies, the government acts in many ways. In traditional public finance literature, the government taxes and provides public and merit goods. In addition, it regulates the behaviour of firms and individuals. In the context of market failures such as natural monopoly, high risk situations or long life projects, the government may choose to act as producer. In the past two decades, however, public sector collaboration with the private sector to achieve socio-economic objectives has become widely utilised as a method for the provision of the myriad of services that has come to be expected of governments.
Affordable Homeownership Policy: Implications For Housing Markets, Sock Yong Phang
Affordable Homeownership Policy: Implications For Housing Markets, Sock Yong Phang
Research Collection School Of Economics
Affordable homeownership is a policy that is often accorded a great deal of policy attention by governments of many countries. This paper aims to examine the market implications of setting a housing price to income ratio target for a market segment by the government. The policy requires active intervention by the government with regard to the targeted sector. The paper uses a simple model of the housing market with a homeownership affordability target to derive the market implications of such targets. In the presence of uncertainty and resource constraints, the objective of homeownership affordability is achieved for the targeted group …
"Eco-Cities" And "Sustainable Cities" - Whither?, Kheng Lian Koh, Asanga Gunawansa, Lovleen Bhullar
"Eco-Cities" And "Sustainable Cities" - Whither?, Kheng Lian Koh, Asanga Gunawansa, Lovleen Bhullar
Social Space
The concept of sustainable cities was first discussed by the Association of Southeast Asian Nations (ASEAN) in 2003, with the idea of eco-cities entering the picture in 2007. Are the two mutually exclusive, or do they overlap? The authors consider the implications of cities as engines of growth and examine case studies that reveal what lies ahead for sustainable cities and eco-cities.
Social Innovation & The City: What Is The Connection Between Social Innovation And Urban Innovation ... And Why Does It Matter?, Martin Stewart-Weeks
Social Innovation & The City: What Is The Connection Between Social Innovation And Urban Innovation ... And Why Does It Matter?, Martin Stewart-Weeks
Social Space
How we build and live in cities will come to shape the discourse on sustainability and ecologically-sound thinking for the future. Martin Stewart-Weeks examines why urban innovation holds the key to this debate.