Download or read book Step Interventions and Market Integration written by Patrick J. Wilson and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Market integration implies the existence of some long run equilibrium relationship between/amongst markets in such a way that the movements in one market are transmitted to movements in the other/s. It is an interesting observation of much of the literature regarding a possible relationship between real estate and stock markets that there is relatively scant attention given to the possible existence of structural breaks and the impact that such breaks may have on tests for market integration. In this paper we examine the issue of whether the stock markets and real estate markets are stationary or nonstationary in the presence of structural breaks. We adopt the techniques of Perron (1989), Zivot and Andrews (1992) and Perron and Vogelsang (1992). The Zivot- Andrews and Perron-Vogelsang techniques supported market segmentation by showing that the relevant series were integrated to different orders at varying breakpoints (hence implying that the series could not be cointegrated). The results also support the notion that property and equity markets are not integrated internationally. These outcomes, therefore, suggest that there may be risk reduction benefits to be derived from diversification across property and equity markets both domestically and internationally.
Download or read book Land Management Economics written by Kim Hin Ho and published by Partridge Publishing Singapore. This book was released on 2020-07-21 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is concerned with a unique, overall land policy optimization model, under active government policy, resulting in the sustainable effectiveness and efficiency of land policy. Such a model distinguishes it from the highly specific urban-planning land use optimization model, meant for optimizing land use specification, strategic land uses, land use restrictions and control, like zoning. Policy input is concerned with a hierarchical and structural definition of policy while ‘Additionality’ looks at land-policy output (outcome) variables, impacting broader land policy efficiency and effectiveness goals, their associated output indicators and the interaction with the macroeconomy. Long run urban policy-macroeconomy interaction is modeled in a contemporaneous cointegration model estimation, involving different sectors of the economy. The model looks at the equilibrium and optimal land-using economic activities. A dynamic interaction of land policy outcomes and their economic implications is discussed via cointegration tests and modelling. This book develops a rigorous system-dynamics-based computable general equilibrium model for direct real estate market uncertainty i.e. the frequent mismatch between office demand and supply under the impact of limited land constraint, the domestic common stock market, the macro economy and macroeconomic policy. Such dynamic interaction is structured under the demand-side and supply-side aspects. The book looks at the binomial option-pricing model by Cox, Ross and Rubinstein, to model the risk-neutral process for short term interest rates, common stock prices and Housing & Development Board (HDB) resale flat prices. Singapore’s Main Upgrading Program (MUP) is a heavily subsidized and highly targeted. Since 1992, the HDB has budgeted some S$3 billion to finance the MUP policy. A positive impact is the asset value enhancement of the HDB flats within the upgraded precincts. MUP subsidies vary significantly with the corresponding option premium. A 3-Room HDB flat owner is more inclined to opt for upgrading while the option premium is deemed to be less attractive for upgrading by the 4-Room HDB flat owner. Residents’ satisfaction level with town council (TC) services are examined, under different political parties. The concern is to ascertain a housing finance model, which analyzes the affordability of household borrowers for purchasing resale public housing. With Central Provident funds (CPF) usage, total interest paid over the loan life is significantly reduced. CPF as a financial buffer significantly reduce default risks for lender and household borrower.
Download or read book Working Together for Integration Working Together Skills and Labour Market Integration of Immigrants and their Children in Sweden written by OECD and published by OECD Publishing. This book was released on 2016-05-13 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: With 16% of its population born abroad, Sweden has one of the larger immigrant populations among the European OECD countries. This report looks at the challenges of integrating migrants and their families into the Swedish labour market.
Download or read book An Asian Direct and Indirect Real Estate Investment Analysis written by Kim Hin David HO and published by Partridge Publishing Singapore. This book was released on 2021-05-04 with total page 858 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is dedicated to real estate scholastic work, in advancing the greater understanding of real estate investment analysis. This is because there has been limited research in bringing out clearly the uncertainty or risk, which is quantifiable uncertainty in real estate market analysis. Even real estate market research, which is carried out as an industry practice among private real estate researches, is no exception. Another reason is that it has been widely accepted that while the financial revolution has substantially changed many sectors of the financial industry, it has made little impact on real estate development and investment practice as Ill as scholastic work. Furthermore, while it is readily acknowledged that despite its huge share in the world Ialth, real estate investment discipline and research is on the whole still a poorly researched subject area. As a result, the industry tends to be dominated by traditional real estate analysts with little understanding of real estate market uncertainty and capital markets. These commentators are widely regarded to spend too much time worrying about local space supply and demand conditions, while totally losing sight of the everchanging real estate market and capital market conditions. The theme of this book is real estate investment analysis of direct and indirect real, which in turn can be appropriately managed under economic theory and the theoretical conceptions of real estate finance, provided the uncertainty is quantifiable. The book deploys case studies involving Singapore and Asia. This Black over White background viii framework enables real estate market analysis to attempt what defines the Asian direct and indirect real estate sectors; what is being measured; how it behaves (in terms of price and non-price factors); how it is structured and how it effectively achieves the objectives of sustainable total returns and manageable real estate market uncertainty. Managing real estate market uncertainty optimally is achieved at the portfolio level through real estate asset allocation. This is important because the real estate portfolio is able to virtually eliminate the unique (i.e. specific) uncertainties among the various Asian real estate sectors; thus retaining within the portfolio only the systemic (i.e. market-wide) uncertainty. Apart from real estate asset allocation, the alternative and modern approach to risk management at the portfolio level, is the value-at-risk (VaR) approach. Another modern and important alternative to coping with uncertainty is real option analysis and pricing that help to better define real estate market uncertainty in extent and time. Real option analysis and pricing also represent uncertainty via a decision tree and the risk-neutral probability conception, in order to comprehend how uncertainty impacts on the value of real estate investment decisions. The pricing of uncertainty is based on the risk-free hedge security conception. These are best examined at the micro level of the investment in a real estate development opportunity on vacant land. Nevertheless, the real estate sectors in Singapore and Asia offer promising prospects since the Asian currency crisis of 1997. It is now timely to take stock and make an assessment of how the sectors would pan out for the future, Ill into at least rest the next century. I are very pleased to present our thinking and research in international real estate with particular emphasis on Asia. The region’s vast potential for real estate is itself a large incentive for international real estate research and education that has inspired me to document the significant work I have done over the years. Black over White background ix I wish all readers a pleasurable reading of this book, and I thank you sincerely for your support without which the publication of this book would be made all the more difficult. Dr HO, Kim Hin / David Honorary Professor (University of Hertfordshire, UK) (International Real Estate & Public Policy) March 2021.
Download or read book Product Market Integration written by Helena Maria Guimaraes and published by Emerald Group Publishing. This book was released on 2010-08-18 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addresses the issue of product market integration within the European Union (EU) from a multidisciplinary approach that ranges from economics to political science and sociology. This book assesses the functioning of the EU Internal Market and evaluates the need for differentiated integration in an enlarged and heterogeneous EU.
Download or read book Handbook on Electricity Markets written by Glachant, Jean-Michel and published by Edward Elgar Publishing. This book was released on 2021-11-12 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.
Download or read book Working Together for Integration Skills and Labour Market Integration of Immigrants and their Children in Iceland written by OECD and published by OECD Publishing. This book was released on 2024-09-04 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Relative to its population, Iceland experienced the largest inflow of immigrants over the past decade of any OECD country. Four out of five immigrants in Iceland have come from EU and EFTA countries, although there has been a recent increase in humanitarian arrivals. Employment rates are the highest in the OECD, for both men and women, reflecting the recent and labour market oriented nature of most immigration to Iceland. However, immigrants’ skills are often not well used, as witnessed by the high rate of formal overqualification. What is more, immigrants’ language skills are poor in international comparison and there is evidence of growing settlement of immigrants. Against this backdrop, Iceland is at a turning point in its integration framework, and seeks to develop a comprehensive integration policy for the first time. This review, the fifth in the series Working Together for Integration, provides an in depth analysis of the Icelandic integration system, highlighting its strengths, weaknesses, and potential areas for improvement. Earlier reviews in this series looked at integration in Sweden (2016), Finland (2018), Norway (2022) and Flanders (2023).
Download or read book Journal of Economic Literature written by and published by . This book was released on 1998 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Field Trials of Health Interventions written by Peter G. Smith and published by . This book was released on 2015 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Before new interventions are released into disease control programmes, it is essential that they are carefully evaluated in field trials'. These may be complex and expensive undertakings, requiring the follow-up of hundreds, or thousands, of individuals, often for long periods. Descriptions of the detailed procedures and methods used in the trials that have been conducted have rarely been published. A consequence of this, individuals planning such trials have few guidelines available and little access to knowledge accumulated previously, other than their own. In this manual, practical issues in trial design and conduct are discussed fully and in sufficient detail, that Field Trials of Health Interventions may be used as a toolbox' by field investigators. It has been compiled by an international group of over 30 authors with direct experience in the design, conduct, and analysis of field trials in low and middle income countries and is based on their accumulated knowledge and experience. Available as an open access book via Oxford Medicine Online, this new edition is a comprehensive revision, incorporating the new developments that have taken place in recent years with respect to trials, including seven new chapters on subjects ranging from trial governance, and preliminary studies to pilot testing.
Download or read book World Agriculture written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 1995 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study surveys the prospects worldwide for food and agriculture, including fisheries and forestry, for the next 20 years. Emphasis is placed on food security and nutrition, and the improved sustainability of agricultural and rural development.
Download or read book OECD Employment Outlook 2021 Navigating the COVID 19 Crisis and Recovery written by OECD and published by OECD Publishing. This book was released on 2021-07-07 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2021 edition of the OECD Employment Outlook focusses on the labour market implications of the COVID‐19 crisis. Chapters 1-3 concentrate on the main labour market and social challenges brought about by the crisis and the policies to address them.
Download or read book Working Together for Integration Skills and Labour Market Integration of Immigrants and their Children in Flanders written by OECD and published by OECD Publishing. This book was released on 2023-06-28 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Flanders experienced large inflows of immigrants over the past decade, coming from an increasingly diverse range of countries, with growth rates outpacing the Netherlands, France and Germany, as well as Belgium as a whole. While integration outcomes have improved in recent years, some of the core indicators remain unfavourable in international comparison, especially for non-EU immigrant women, refugees, and youth with migrant parents.
Download or read book Integrated Policy Framework Principles for the Use of Foreign Exchange Intervention written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2023-12-21 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note guides policy advice on the use of foreign exchange intervention (FXI) as part of the Integrated Policy Framework (IPF) in Fund surveillance. The note provides general principles for the advice in countries with flexible exchange rates and sets out three use cases for FXI that are tied to specific frictions. It explores the use of FXI as part of an overall policy response, allowing the advice to differ with shocks, frictions, and country-specific circumstances.
Download or read book Working Together for Integration Working Together Skills and Labour Market Integration of Immigrants and their Children in Finland written by OECD and published by OECD Publishing. This book was released on 2018-09-05 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: While Finland’s foreign-born population remains small by international standards, growth has been amongst the fastest in the OECD. Finland’s foreign born population have lower employment rates than native-born Finns and women, in particular, are struggling to integrate and face incentives ...
Download or read book A Political Legal and Economic Overview written by Mauro Cappelletti and published by Walter de Gruyter. This book was released on 2013-08-26 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Democracy in the 21st Century written by Nik Brandal and published by Emerald Group Publishing. This book was released on 2021-01-29 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social democracy is in a process of change as a number of developments challenge its organizational, ideational and electoral basis. This book elaborates on how social democracy should be understood under these changing circumstances, how social democratic parties have responded and what future trajectories await.
Download or read book Australian Journal of Labour Economics written by and published by . This book was released on 2000 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:
