A note on globalization and urban residential rents

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

11 Scopus Citations
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Author(s)

Detail(s)

Original languageEnglish
Pages (from-to)505-513
Journal / PublicationJournal of Urban Economics
Volume56
Issue number3
Publication statusPublished - Nov 2004
Externally publishedYes

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.

Citation Format(s)

A note on globalization and urban residential rents. / Bardhan, Ashok Deo; Edelstein, Robert H.; Leung, Charles.

In: Journal of Urban Economics, Vol. 56, No. 3, 11.2004, p. 505-513.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review