Assessing External Effects of City Airports: Land Values in Berlin

2008

Self Cite

We use transaction data to test for price differentials between listed and nonlisted properties and to study their impact on surrounding property prices. Proximity to built heritage is captured by distance to listed houses and indicators capturing neighborhoods with built heritage. Impact is assessed by applying a hedonic model to micro-level data and a non-parametric approach to location. While our findings suggest that listed properties do not sell at a premium or discount, heritage-listed buildings are found to have positive external effects on surrounding property prices.

mentioning

confidence: 99%

Monument Protection: Internal and External Price Effects

Ahlfeldt

2008

Self Cite

“…In all nine models, the coefficient of the variable of interest is insignificant on all conventional levels; that is, for none of the different treatment group definitions can a persistent level shift in aggregated employment be attested. 11 The LM test statistic is…”

Section: Results For Aggregated Employmentmentioning

confidence: 99%

Mega-Events and Sectoral Employment: The Case of the 1996 Olympic Games

Feddersen

2010

Self Cite

Hamburg contemporary economic discussions, No. 35 Provided in Cooperation with:University of Hamburg, Chair for Economic Policy Suggested Citation: Feddersen, Arne; Maennig, Wolfgang (2010) : Mega-events and sectoral employment: The case of the 1996 Olympic Games, Hamburg contemporary economic discussions, No. 35, Univ, Abstract: This paper contributes to the analysis of large sporting events using highly disaggregated data. We use the 1996 Olympic Games in Atlanta, which are also outstanding as one of the very few large sporting events where ex post academic analysis found significant positive effects. This paper extends earlier studies in several ways. First, monthly rather than quarterly data will be employed.Second, the impact of the 1996 Olympics will be analyzed for 16 different sectors or subsectors. Third, in addition to standard DD models, we use a non-parametric approach to flexibly isolate employment effects. Regarding the Olympic effect, hardly any evidence for a persistent shift in the aftermath of or the preparation for the Olympic Games is supported. We find a significant positive employment effect in the monthly employment statistics exclusively during the staging of the Olympic Games (July 1996).These short-term effects are concentrated in the sectors of "retail trade", "accommodation and food services", and "arts, entertainment, and recreation", while other sectors showed no such effects.

“…In 2010 elections, the civil construction companies, representing approximately 33.73% of the total financing, were the biggest contributors to campaign finance, totaling R$766million (around US$422 million). Eleven building companies donated some 11 Data from the Ministry of Planning and Budget (2013).…”

Section: Fig 33 Amount Of Resources Invested By the Fgts (Mill R$)mentioning

confidence: 99%

Mega Sporting Events, Real Estate, and Urban Social Economics The Case of Brazil 2014/2016

Aragão¹,

2013

Self Cite

These events promise to improve the urban quality of life and to induce social legacy because of investments in urban infrastructure, transportation, and sporting facilities. Our analysis of the case of Brazil, especially in Rio de Janeiro (host of the 2014 World Cup and 2016 Olympic Games) shows that such benefits may differ locally and may accentuate the process of socio-spatial segregation. Urban projects often include forced evictions of low-income populations and the consequent expansion of social segregation. In public opinion, mega events are also responsible for increasing rents and (real estate) prices. However, such inflationary phenomenon occurs in most Brazilian cities, including nonhost cities. The appreciation of real estate is explained largely by population and economic growth and the reduction of interest rates through mortgage programs, as well as reduced social inequality. Public investments in mega events account for only approximately 0.15% of Brazilian GDP from 2007 to 2016 and are thus too small to be responsible for the (increasing) social problems.Obviously, the perceived lack of public accountability for mega event finances as well as the perceived lack of susceptibility to social issues by the mega sporting projects may harm the public opinion of mega events. International sporting federations should thus have every interest in ensuring that their mega events target social inclusion and pay more attention to the needs of local urban and social policies.