A note on globalization and urban residential rents

Ashok Deo Bardhan; Robert H. Edelstein; Charles Leung

doi:10.1016/j.jue.2004.06.003

A note on globalization and urban residential rents

Ashok Deo Bardhan, Robert H. Edelstein, Charles Leung

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

14 Citations (Scopus)

Abstract

We present evidence on the impact of international economic openness upon residential real estate, consistent with the well-known Balassa-Samuelson effect, which suggests that increasing openness raises relative prices of non-tradable goods and services. Using a data set for 46 cities in different countries, we find that urban rents are positively affected by the openness of the economy and by city size. © 2004 Elsevier Inc. All rights reserved.

Original language	English
Pages (from-to)	505-513
Journal	Journal of Urban Economics
Volume	56
Issue number	3
DOIs	https://doi.org/10.1016/j.jue.2004.06.003
Publication status	Published - Nov 2004
Externally published	Yes

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abstract = "We present evidence on the impact of international economic openness upon residential real estate, consistent with the well-known Balassa-Samuelson effect, which suggests that increasing openness raises relative prices of non-tradable goods and services. Using a data set for 46 cities in different countries, we find that urban rents are positively affected by the openness of the economy and by city size. {\textcopyright} 2004 Elsevier Inc. All rights reserved.",

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AU - Edelstein, Robert H.

AU - Leung, Charles

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AB - We present evidence on the impact of international economic openness upon residential real estate, consistent with the well-known Balassa-Samuelson effect, which suggests that increasing openness raises relative prices of non-tradable goods and services. Using a data set for 46 cities in different countries, we find that urban rents are positively affected by the openness of the economy and by city size. © 2004 Elsevier Inc. All rights reserved.

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DO - 10.1016/j.jue.2004.06.003

M3 - RGC 21 - Publication in refereed journal

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VL - 56

SP - 505

EP - 513

JO - Journal of Urban Economics

JF - Journal of Urban Economics

IS - 3

ER -

A note on globalization and urban residential rents

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