2016
DOI: 10.12775/oec.2016.016
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Pro-investment local policies in the area of real estate economics – similarities and differences in the strategies used by communes

Abstract: In the article we discuss the importance of the real estate related instruments used by local government to attract investment and stimulate local economic development. The article discusses economic literature related to public economics at the local government level, with the special emphasis put on the link between urban and real estate economics and development.  In the empirical part of the paper, we analyze the results of the survey conducted at the local government level in Poland (Malopolska). There ar… Show more

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Cited by 18 publications
(10 citation statements)
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“…The composite indicators are very convenient tools as they: (i) summarise multidimensional realities, (ii) are easier to interpret than a set of many separate indicators, (iii) reduce the visible size of a set of indicators without dropping the underlying information base, (iv) enable users to compare complex dimensions effectively (OECD JRC, 2008;Santos, Santos, 2014). Thus a growing interest in composite indicators should not be surprising as they may be applied in many different fields: innovation (Żelazny, Pietrucha, 2017;Balcerzak, Pietrzak, 2017a), health care system performance (Łyszczarz, 2016), real estate markets analysis (Małkowska, Głuszak, 2016) countries' competitiveness (Kruk, Waśniewska, 2017), socioeconomic development (Bartkowiak-Bakun, 2017), quality of institutions (Balcerzak, Pietrzak, 2017b), sustainable development , standard of living (Kuc, 2017) and many others. However, one has to be aware of the fact that they are not free of defects: (i) may be disused to support a desired policy, (ii) may disguise serious falling in some dimensions if a construction process is not transparent, (iii) are sensitive to normalization, aggregation and weighting methods, (iv) a selection of indicators and their weights may be subjective (OECD JRC, 2008;Ravallion, 2010, Paroulo, Saisana, Saltelli, 2013Santos, Santos, 2014).…”
Section: Composite Indicatorsmentioning
confidence: 99%
“…The composite indicators are very convenient tools as they: (i) summarise multidimensional realities, (ii) are easier to interpret than a set of many separate indicators, (iii) reduce the visible size of a set of indicators without dropping the underlying information base, (iv) enable users to compare complex dimensions effectively (OECD JRC, 2008;Santos, Santos, 2014). Thus a growing interest in composite indicators should not be surprising as they may be applied in many different fields: innovation (Żelazny, Pietrucha, 2017;Balcerzak, Pietrzak, 2017a), health care system performance (Łyszczarz, 2016), real estate markets analysis (Małkowska, Głuszak, 2016) countries' competitiveness (Kruk, Waśniewska, 2017), socioeconomic development (Bartkowiak-Bakun, 2017), quality of institutions (Balcerzak, Pietrzak, 2017b), sustainable development , standard of living (Kuc, 2017) and many others. However, one has to be aware of the fact that they are not free of defects: (i) may be disused to support a desired policy, (ii) may disguise serious falling in some dimensions if a construction process is not transparent, (iii) are sensitive to normalization, aggregation and weighting methods, (iv) a selection of indicators and their weights may be subjective (OECD JRC, 2008;Ravallion, 2010, Paroulo, Saisana, Saltelli, 2013Santos, Santos, 2014).…”
Section: Composite Indicatorsmentioning
confidence: 99%
“…The nodes within dendogram describe the extent to which the object relates. The results of the cluster analysis are dendrograms obtained by cross-section at different levels (Ward, 1963;Ivaničová, Kalužák, 2015;Reiff and Surmanová, 2016;Małkowska & Głuszak, 2016).…”
Section: Cluster Analysismentioning
confidence: 99%
“…In a hierarchical cluster analysis, the countries are divided into groups, and a graphical representationdendogramis presented (Małkowska and Głuszak, 2016). This method is convenient as the dendogram shows not only the main groups but also close subgroups of the countries (Mačerinskienė and Aleknavičiūtė, 2017).…”
Section: Methodological Approachmentioning
confidence: 99%