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Resilience of US metropolitan areas to the 2008 financial crisis (Book chapter)

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ISBN: 9781785360282 9781785360299 Year: Pages: 19 DOI: 10.4337/9781785360299.00012 Language: English
Publisher: Edward Elgar Publishing
Subject: Economics --- Business and Management
Added to DOAB on : 2019-06-12 12:13:18
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Abstract

This chapter seeks to explain why only a minority of US metropolitan areas enjoyed quicker recovery and higher levels of economic growth following the 2008 banking crisis and recession of 2007‒2009. An uneven pattern of growth came into being over the course of the recession and persisted through 2013, evident in both total employment and on a sectoral basis. Using cluster analysis, we characterize the best performing group of metropolitan areas as exhibiting less economic sectorial diversity than average and lower rates of subprime mortgages as a share of all households. The worst performing areas show the highest average rates of household distress as well as bank failures. The most consistent pattern among our variables was that gradually worsening growth outcomes were associated with increasingly larger subprime mortgage and HAMP concentrations. Our findings recommend further research into the conditions of financial distress among metropolitan areas as well as into the nature of sector specialization, as both potential factor affecting growth.

Housing Market Dynamics in Africa

Authors: --- ---
ISBN: 9781349951208 9781137597922 Year: Pages: 272 DOI: https://doi.org/10.1057/978-1-137-59792-2 Language: English
Publisher: Palgrave Macmillan Grant: African Development Bank
Subject: Economics
Added to DOAB on : 2018-06-01 15:23:10
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This open access book utilizes new data to thoroughly analyze the main factors currently shaping the African housing market. Some of these factors include the supply and demand for housing finance, land tenure security issues, construction cost conundrum, infrastructure provision, and low-cost housing alternatives. Through detailed analysis, the authors investigate the political economy surrounding the continent’s housing market and the constraints that behind-the-scenes policy makers need to address in their attempts to provide affordable housing for the majority in need. With Africa’s urban population growing rapidly, this study highlights how broad demographic shifts and rapid urbanization are placing enormous pressure on the limited infrastructure in many cities and stretching the economic and social fabric of municipalities to their breaking point. But beyond providing a snapshot of the present conditions of the African housing market, the book offers recommendations and actionable measures for policy makers and other stakeholders on how best to provide affordable housing and alleviate Africa’s housing deficit. This work will be of particular interest to practitioners, non-governmental organizations, private sector actors, students and researchers of economic policy, international development, and urban development.

Land Squandering and Social Crisis in the Spanish City

Authors: --- ---
ISBN: 9783038979463 / 9783038979470 Year: Pages: 220 DOI: 10.3390/books978-3-03897-947-0 Language: eng
Publisher: MDPI - Multidisciplinary Digital Publishing Institute
Subject: Science (General)
Added to DOAB on : 2019-06-26 08:44:06
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The last two decades have been marked by intense and accelerated economic, political, and cultural processes that have affected urban spaces. These changes have occurred in different parts of cities (traditional centers, edges, peripheries) and at different levels of the urban system (large and medium-sized cities and in their respective areas of influence). Possibly the clearest expression of the spatial effects on cities can be perceived in their morphological transformations, their territorial dimensions, or in their social problems. Until 2008, urban–territorial processes were a reflection of the logic and inconsistencies of an expansive economic context and of a structural context that favored the development of cities through concurrent processes and actors. As a result, the built land and amount of urbanized and built surfaces increased, together with processes of the expansion and modernization of cities. Since 2008, the expansive economic cycle has ended, and there have been diverse negative consequences. Notably, the construction sector has come to an abrupt halt. Access to credit has also been reduced, and unemployment has increased. The economic recession has caused sociodemographic and socioeconomic issues exemplified by housing vulnerability, with dispossession, evictions, a shortage of social housing, and energy poverty.

Keywords

counter-urbanization --- Extremadura --- urban expansion --- periurbanization --- rurbanization --- suburbanization --- illegal urbanization --- sharing economies --- urban conflicts --- Valencia --- Airbnb --- Uber --- foreclosure --- eviction --- economic crisis --- post-crisis --- housing vulnerability --- Spanish city --- housing bubble --- financialization --- holiday home --- housing market --- eco-neighborhood --- sustainable urban neighborhoods --- Madrid --- periphery --- urban regeneration --- social housing --- urban sustainability --- social-vulnerability --- urban segregation --- school choice --- educational level --- social inequalities --- neighbourhood effect --- dispersed urbanism --- residential strategies --- residential mobility --- economic crisis --- Barcelona Metropolitan Region --- social crisis --- land squandering --- urbanization --- night lights --- remote sensing --- land uses --- seasonality --- Suomi NPP VIIRS --- socio-environmental vulnerability --- Barcelona --- spatial analysis --- qualitative methodology --- vulnerable neighborhoods --- neoliberal urban policy --- residential mobility --- foreign immigration --- Cabanyal --- Valencia --- economic crisis --- urban sprawl --- consumption --- water --- Alicante --- urban sprawl --- medium-size cities --- expansive city planning --- urban geography --- urbanism --- urban growth --- medium-sized city --- suburbanization --- Spain --- urbanization process --- real estate bubble --- urban sprawl --- urban vulnerability --- residential segregation --- urban inequality --- Spain

Empirical Finance

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ISBN: 9783038977063 Year: Pages: 276 DOI: 10.3390/books978-3-03897-707-0 Language: eng
Publisher: MDPI - Multidisciplinary Digital Publishing Institute
Subject: Economics
Added to DOAB on : 2019-04-05 10:34:31
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There is no denying the role of empirical research in finance and the remarkable progress of empirical techniques in this research field. This Special Issue focuses on the broad topic of “Empirical Finance” and includes novel empirical research associated with financial data. One example includes the application of novel empirical techniques, such as machine learning, data mining, wavelet transform, copula analysis, and TV-VAR, to financial data. The Special Issue includes contributions on empirical finance, such as algorithmic trading, market efficiency, market microstructure, portfolio theory and asset allocation, asset pricing models, liquidity risk premium, currency crisis, return predictability, and volatility modeling.

Keywords

text similarity --- text mining --- machine learning --- SVM --- neural network --- LSTM --- credit risk --- ensemble learning --- deep learning --- bagging --- random forest --- boosting --- deep neural network --- causality-in-variance --- cross-correlation function --- housing and stock markets --- algorithmic trading --- take profit --- stop loss --- MACD --- ATR --- city banks --- dependence structure --- copula --- n/a --- market microstructure --- price discovery --- latency --- currency crisis --- random forests --- wavelet transform --- predictive accuracy --- housing price --- bank credit --- housing loans --- real estate development loans --- TVP-VAR model --- exchange rate --- volatility --- exports --- ARDL --- Vietnam --- crude oil futures prices forecasting --- convolutional neural networks --- short-term forecasting --- utility of international currency --- inertia --- liquidity risk premium --- US dollar --- Japanese yen --- cointegration --- statistical arbitrage --- natural gas --- wholesale electricity --- futures market --- spark spread --- earnings management --- earnings manipulation --- earnings quality --- initial public offering --- IPO --- asset pricing model --- data mining --- bankruptcy prediction --- financial and non-financial variables --- institutional investors’ shareholdings --- panel data model --- piecewise regression model --- global financial crisis --- gold return --- asymmetric dependence --- financial market stress --- robust regression --- quantile regression --- structural break --- flight to quality

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