메뉴 건너뛰기




Volumn 19, Issue 4, 2001, Pages 265-297

Theory and explanation in international property cycles since 1980

Author keywords

Economic theory; Financial investment; Property; Seasonality

Indexed keywords


EID: 84986108416     PISSN: 02637472     EISSN: None     Source Type: Journal    
DOI: 10.1108/02637470110404092     Document Type: Article
Times cited : (19)

References (88)
  • 1
    • 0032850463 scopus 로고    scopus 로고
    • The Asian crisis: causes and remedies
    • Aghevli, B. (1999), “The Asian crisis: causes and remedies”, Finance and Development, June, pp.28-31.
    • (1999) Finance and Development , vol.June , pp. 28-31
    • Aghevli, B.1
  • 2
    • 0005311696 scopus 로고
    • Discussion Paper Series, Department of Economics, University of Edinburgh, No. 1994. 1. XY/N-1
    • Aghion, P. et al. (1994), Improving Bankruptcy Procedure, Discussion Paper Series, Department of Economics, University of Edinburgh, No. 1994. 1. XY/N-1.
    • (1994) Improving Bankruptcy Procedure
    • Aghion, P.1
  • 3
    • 0033966546 scopus 로고    scopus 로고
    • Bubbles and crises
    • Allen, F. and Gale, G. (2000), “Bubbles and crises”, Economic Journal, Vol. 110, pp. 236-55.
    • (2000) Economic Journal , vol.110 , pp. 236-255
    • Allen, F.1    Gale, G.2
  • 4
    • 0021074480 scopus 로고
    • A simple theoretical model of the office development cycle
    • Barras, R. (1983), “A simple theoretical model of the office development cycle”, Environment and Planning, Vol. A No. 15, pp. 1381-94.
    • (1983) Environment and Planning , vol.A , Issue.15 , pp. 1381-1394
    • Barras, R.1
  • 7
    • 84986151830 scopus 로고
    • BIS, Basle
    • BIS (Bank of International Settlements) (1993), 63rd Annual Report, BIS, Basle.
    • (1993) 63rd Annual Report
  • 10
    • 0002071502 scopus 로고
    • The problem of social cost
    • Coase, R. (1960), “The problem of social cost”, Journal of Law and Economics, Vol. 3, pp. 1-44.
    • (1960) Journal of Law and Economics , vol.3 , pp. 1-44
    • Coase, R.1
  • 13
    • 0006558514 scopus 로고
    • Bank credit risk
    • Bank of England, London
    • Davis, E. (1993), “Bank credit risk”, Working Paper No. 8, Bank of England, London.
    • (1993) Working Paper No. 8
    • Davis, E.1
  • 14
    • 0033015592 scopus 로고    scopus 로고
    • Internationalization of property cycles and the Japanese ‘bubble economy’
    • Dehesh, A. and Pugh, C. (1999), “Internationalization of property cycles and the Japanese ‘bubble economy’”, International Journal of Urban and Regional Research, Vol. 23 No. 1, pp. 147-64.
    • (1999) International Journal of Urban and Regional Research , vol.23 , Issue.1 , pp. 147-164
    • Dehesh, A.1    Pugh, C.2
  • 15
    • 0034522854 scopus 로고    scopus 로고
    • Property cycles in a global economy
    • Dehesh, A. and Pugh, C. (2000), “Property cycles in a global economy”, Urban Studies, Vol. 37 No.13, pp. 2581-602.
    • (2000) Urban Studies , vol.37 , Issue.13 , pp. 2581-2602
    • Dehesh, A.1    Pugh, C.2
  • 18
    • 84986170935 scopus 로고    scopus 로고
    • Asia’s astonishing bounce-back
    • 21-27 August
    • Economist (1999), “Asia’s astonishing bounce-back”, Economist, 21-27 August, pp. 16-18.
    • (1999) Economist , pp. 16-18
  • 19
    • 84986095879 scopus 로고    scopus 로고
    • Property and debt in Japan and Korea
    • 20 September, London
    • Economist (2000), “Property and debt in Japan and Korea”, Economist, 20 September, London.
    • (2000) Economist
  • 20
    • 84986095870 scopus 로고    scopus 로고
    • Taiwan’s financial system: too many debts to settle
    • 11November
    • Economist (2000), “Taiwan’s financial system: too many debts to settle”, Economist, 11November, p. 163.
    • (2000) Economist , pp. 163
  • 23
    • 0032753929 scopus 로고    scopus 로고
    • From global city to city of crisis: Jakarta Metropolitan region under economic turmoil
    • Firman, T. (1999), “From global city to city of crisis: Jakarta Metropolitan region under economic turmoil”, Habitat International, Vol. 23 No. 4, pp. 447-66.
    • (1999) Habitat International , vol.23 , Issue.4 , pp. 447-466
    • Firman, T.1
  • 24
    • 0028598989 scopus 로고
    • The scope and limits of financial liberalisation in developing countries: a critical survey
    • Gibson, H. and Tsakalotos, E. (1994), “The scope and limits of financial liberalisation in developing countries: a critical survey”, Journal of Development Studies, Vol. 30, pp.578-628.
    • (1994) Journal of Development Studies , vol.30 , pp. 578-628
    • Gibson, H.1    Tsakalotos, E.2
  • 25
    • 6144220768 scopus 로고
    • Aspects of growth, structural change and employment: a Schumpeterian perspective
    • Giersch, (1979), “Aspects of growth, structural change and employment: a Schumpeterian perspective”, Review of World Economics, Vol. 155 No. 4, pp. 629-52.
    • (1979) Review of World Economics , vol.155 , Issue.4 , pp. 629-652
  • 28
    • 84986072520 scopus 로고
    • Paper presented to the International Congress of Real Estate, 24-26 April, Singapore
    • Haila, A. (1995), Real Estate Markets in Los Angeles and Helsinki, Paper presented to the International Congress of Real Estate, 24-26 April, Singapore.
    • (1995) Real Estate Markets in Los Angeles and Helsinki
    • Haila, A.1
  • 30
    • 0013326426 scopus 로고
    • The political economy of the financial market
    • in Yamura,K. and Yasuba, Y. (Eds.) Stanford University Press, Stanford, CA
    • Hamada, K. and Horiuchi, A. (1987), “The political economy of the financial market”, in Yamura,K. and Yasuba, Y. (Eds.), The Political Economy of Japan, Vol. 1: The Domestic Transformation, Stanford University Press, Stanford, CA.
    • (1987) The Political Economy of Japan, Vol. 1: The Domestic Transformation
    • Hamada, K.1    Horiuchi, A.2
  • 32
    • 84986022976 scopus 로고    scopus 로고
    • The Bretton Woods Institutions in developing countries: Bêtes Noires or Toothless Tigers?
    • in Milne, C. (Ed.) Elgar, Cheltenham
    • Harrigan, J. (1996), “The Bretton Woods Institutions in developing countries: Bêtes Noires or Toothless Tigers?” in Milne, C. (Ed.), The Globalization of the World Economy: Developing and Newly Industrialising Countries, Vol. II, Elgar, Cheltenham, pp. 185-209.
    • (1996) The Globalization of the World Economy: Developing and Newly Industrialising Countries , vol.2 , pp. 185-209
    • Harrigan, J.1
  • 38
    • 84986052603 scopus 로고
    • Has US overbuilding affected construction activity globally?
    • Kain, E. (1994), “Has US overbuilding affected construction activity globally?” Journal of Housing Research, Vol. 5 No. 2, pp. 295-301.
    • (1994) Journal of Housing Research , vol.5 , Issue.2 , pp. 295-301
    • Kain, E.1
  • 39
    • 0001978163 scopus 로고
    • Causes and consequences of the 1980s commercial construction boom
    • Kain, E. and Hendershott, P. (1993), “Causes and consequences of the 1980s commercial construction boom”, Journal of Applied Corporate Finance, pp. 61-70.
    • (1993) Journal of Applied Corporate Finance , pp. 61-70
    • Kain, E.1    Hendershott, P.2
  • 41
    • 0345415417 scopus 로고
    • Land policy problems in East Asia: understanding the past and moving toward new choice
    • in Koppel, B. and Kim D. (Eds) East-West Centre and Korean Institute of Human Settlements, Honolulu, Hawaii
    • Koppel, B. (1994), “Land policy problems in East Asia: understanding the past and moving toward new choice”, in Koppel, B. and Kim, D. (Eds), Land Policy Problems in East Asia: A Comparative Study of Japan, Korea and Taiwan, East-West Centre and Korean Institute of Human Settlements, Honolulu, Hawaii.
    • (1994) Land Policy Problems in East Asia: A Comparative Study of Japan, Korea and Taiwan
    • Koppel, B.1
  • 43
    • 0027749950 scopus 로고    scopus 로고
    • On the number and location of cities
    • a
    • Krugman, P. (1998a), “On the number and location of cities”, European Economic Review, Vol. 37, pp. 293-328.
    • (1998) European Economic Review , vol.37 , pp. 293-328
    • Krugman, P.1
  • 44
    • 0000271516 scopus 로고    scopus 로고
    • Space: the final frontier
    • b
    • Krugman, P. (1998b), “Space: the final frontier”, Journal of Economic Perspectives, Vol. 12 No. 2, pp. 161-7.
    • (1998) Journal of Economic Perspectives , vol.12 , Issue.2 , pp. 161-167
    • Krugman, P.1
  • 45
    • 0008337534 scopus 로고    scopus 로고
    • Recovery? Don’t bet on it’
    • 21 June
    • Krugman, P. (1999), “Recovery? Don’t bet on it’’, Time, 21 June, pp. 86-91.
    • (1999) Time , pp. 86-91
    • Krugman, P.1
  • 46
    • 0028570525 scopus 로고
    • Capital markets, the development industry, and urban office dynamics: rethinking building cycles
    • Leitner, M. (1994), “Capital markets, the development industry, and urban office dynamics: rethinking building cycles”, Environment and Planning, Vol. A No. 26.5, pp. 779-802.
    • (1994) Environment and Planning , vol.A , Issue.26.5 , pp. 779-802
    • Leitner, M.1
  • 48
    • 0026497718 scopus 로고
    • The urban restructuring process in Tokyo in the 1980s: transforming Tokyo into a world city
    • Machimura, T. (1992), “The urban restructuring process in Tokyo in the 1980s: transforming Tokyo into a world city”, International Journal of Urban and Regional Research, Vol. 16 No. 1, pp. 114-28.
    • (1992) International Journal of Urban and Regional Research , vol.16 , Issue.1 , pp. 114-128
    • Machimura, T.1
  • 49
    • 0011946758 scopus 로고    scopus 로고
    • Vanderbrink, D. and Yue, C.-S. (Eds) (1999 Institute of Southeast Asian Studies, Singapore
    • Masuyama, S., Vanderbrink, D. and Yue, C.-S. (Eds) (1999), East Asia’s Financial Systems: Evolution and Crisis, Institute of Southeast Asian Studies, Singapore.
    • East Asia’s Financial Systems: Evolution and Crisis
    • Masuyama, S.1
  • 52
    • 0345415416 scopus 로고
    • Property finance in Japan: expansion and collapse of the bubble economy
    • Series C, University of Reading
    • Oizumi, E. (1993), “Property finance in Japan: expansion and collapse of the bubble economy”, Discussion Papers in Urban and Regional Economics, Vol. 5 No. 82, Series C, University of Reading.
    • (1993) Discussion Papers in Urban and Regional Economics , vol.5 , Issue.82
    • Oizumi, E.1
  • 53
    • 0040063709 scopus 로고    scopus 로고
    • Economic development and the distribution of land rents in Singapore: a Georgist interpretation
    • Phang, S.-Y. (1996), “Economic development and the distribution of land rents in Singapore: a Georgist interpretation”, American Journal of Economics and Sociology, Vol. 55, pp. 489-501.
    • (1996) American Journal of Economics and Sociology , vol.55 , pp. 489-501
    • Phang, S.-Y.1
  • 54
    • 0001687593 scopus 로고    scopus 로고
    • Location, clusters, and the ‘New’ microeconomics of competition
    • Porter, M. (1998), “Location, clusters, and the ‘New’ microeconomics of competition”, Business Economics, Vol. 33 January, pp. 7-13.
    • (1998) Business Economics , vol.33 , Issue.January , pp. 7-13
    • Porter, M.1
  • 56
    • 0022826496 scopus 로고
    • Housing theory and policy
    • whole volume
    • Pugh, C. (1986), “Housing theory and policy”, International Journal of Social Economics, Vol. 13 No. 4/5, whole volume.
    • (1986) International Journal of Social Economics , vol.13 , Issue.4-5
    • Pugh, C.1
  • 57
    • 84986057067 scopus 로고
    • The globalisation of finance capital and the changing relationships between property and finance, Part 1
    • a
    • Pugh, C. (1991a), “The globalisation of finance capital and the changing relationships between property and finance, Part 1”, Journal of Property Finance, Vol. 2 No. 2, pp. 211-15.
    • (1991) Journal of Property Finance , vol.2 , Issue.2 , pp. 211-215
    • Pugh, C.1
  • 58
    • 0000291090 scopus 로고
    • The globalisation of finance capital and the changing relationships between property and finance, Part II
    • b
    • Pugh, C. (1991b), “The globalisation of finance capital and the changing relationships between property and finance, Part II”, Journal of Property Finance, Vol. 2 No. 3, pp. 369-79.
    • (1991) Journal of Property Finance , vol.2 , Issue.3 , pp. 369-379
    • Pugh, C.1
  • 59
    • 84986056722 scopus 로고
    • The 1985-1995 property cycle, the finances in Olympia and York, and property investment criteria
    • Pugh, C. (1992), “The 1985-1995 property cycle, the finances in Olympia and York, and property investment criteria”, Journal of Property Finance, Vol. 3 No. 2, pp. 198-212.
    • (1992) Journal of Property Finance , vol.3 , Issue.2 , pp. 198-212
    • Pugh, C.1
  • 60
    • 84986090611 scopus 로고
    • American Real Estate and Urban Economics Association Conference, Residential real estate market: an international comparison, Mystic, Connecticut, 7-10 October.
    • Pugh, C. (1993), Review Discussant: International Property Cycles, American Real Estate and Urban Economics Association Conference, Residential real estate market: an international comparison, Mystic, Connecticut, 7-10 October.
    • (1993) Review Discussant: International Property Cycles
    • Pugh, C.1
  • 61
    • 0006592460 scopus 로고    scopus 로고
    • Olympia and York, Canary Wharf and what can be learned
    • Pugh, C. (1996), “Olympia and York, Canary Wharf and what can be learned”, Property Management, Vol. 15 No. 4, pp. 5-18.
    • (1996) Property Management , vol.15 , Issue.4 , pp. 5-18
    • Pugh, C.1
  • 62
    • 0030836336 scopus 로고    scopus 로고
    • International urban and housing policy: a review of the Cambridge studies, 1989-1995
    • Pugh, C. (1997), “International urban and housing policy: a review of the Cambridge studies, 1989-1995”, Environment and Planning, Vol. A No. 29, pp. 383-92.
    • (1997) Environment and Planning , vol.A , Issue.29 , pp. 383-392
    • Pugh, C.1
  • 63
    • 0032971305 scopus 로고    scopus 로고
    • The Asian financial crisis and its urban impacts
    • Pugh, C. (1999), “The Asian financial crisis and its urban impacts”, Habitat International, Vol. 32 No. 2, pp. 157-65.
    • (1999) Habitat International , vol.32 , Issue.2 , pp. 157-165
    • Pugh, C.1
  • 65
    • 0004218079 scopus 로고
    • 2nd ed., Harvard University Press, Cambridge, MA
    • Quine, W. (1971), From a Logical Point of View, 2nd ed., Harvard University Press, Cambridge, MA.
    • (1971) From a Logical Point of View
    • Quine, W.1
  • 68
    • 70449653052 scopus 로고    scopus 로고
    • Sachs on globalisation: a new map of the world
    • 24 June
    • Sachs, J. (2000), “Sachs on globalisation: a new map of the world”, The Economist, 24 June, pp.113-15.
    • (2000) The Economist , pp. 113-115
    • Sachs, J.1
  • 72
    • 0024429656 scopus 로고
    • Land use planning in Japan
    • Siman, B. (1989), “Land use planning in Japan”, The Planner, March, pp. 13-6.
    • (1989) The Planner , vol.March , pp. 13-16
    • Siman, B.1
  • 73
    • 0028563987 scopus 로고
    • The role of the state in financial markets
    • in Bruno, M. and Pleskovic B. (Eds) World Bank, Washington, DC
    • Stiglitz, J. (1994), “The role of the state in financial markets”, in Bruno, M. and Pleskovic, B. (Eds), Proceedings of the World Bank Annual Conference on Development Economics 1993, World Bank, Washington, DC, pp. 19-56.
    • (1994) Proceedings of the World Bank Annual Conference on Development Economics 1993 , pp. 19-56
    • Stiglitz, J.1
  • 74
    • 0034109491 scopus 로고    scopus 로고
    • Capital market liberalization, economic growth and instability
    • Stiglitz, J. (2000), “Capital market liberalization, economic growth and instability”, World Development, Vol. 28 No. 6, pp. 1075-86.
    • (2000) World Development , vol.28 , Issue.6 , pp. 1075-1086
    • Stiglitz, J.1
  • 75
    • 0000169129 scopus 로고
    • Land and stock prices in Japan
    • Stone, D. and Ziemba, W. (1993), “Land and stock prices in Japan”, Journal of Economic Perspectives, Vol. 17 No. 3, pp. 149-65.
    • (1993) Journal of Economic Perspectives , vol.17 , Issue.3 , pp. 149-165
    • Stone, D.1    Ziemba, W.2
  • 76
    • 0344984135 scopus 로고
    • The rise of land prices in Japan, the determination mechanism and effect of the taxation system
    • Takagi, K. (1989), “The rise of land prices in Japan, the determination mechanism and effect of the taxation system”, Bank of Japan: Monetary and Economic Studies, Vol. 7 No. 2, pp.93-139.
    • (1989) Bank of Japan: Monetary and Economic Studies , vol.7 , Issue.2 , pp. 93-139
    • Takagi, K.1
  • 77
    • 0344121516 scopus 로고
    • Land prices and Japanese city planning: evaluating the effects of land use control
    • in Koppel, B. and Kim D. (Eds) East-West Center and Korean Institute of Human Settlements, Honolulu, Hawaii
    • Takeuchi, K., Nishimura, K., Lee, D.-K. and Ikeguchi, H. (1994), “Land prices and Japanese city planning: evaluating the effects of land use control”, in Koppel, B. and Kim, D. (Eds), Land Policy Problems in East Asia: A Comparative Study of Japan, Korea, and Taiwan, East-West Center and Korean Institute of Human Settlements, Honolulu, Hawaii.
    • (1994) Land Policy Problems in East Asia: A Comparative Study of Japan, Korea, and Taiwan
    • Takeuchi, K.1    Nishimura, K.2    Lee, D.-K.3    Ikeguchi, H.4
  • 78
    • 0030843477 scopus 로고    scopus 로고
    • The revival of the liberal creed: the IMF and the World Bank in a globalised economy
    • Editorial:
    • Taylor, L. (1997), Editorial: “The revival of the liberal creed: the IMF and the World Bank in a globalised economy”, World Development, Vol. 25 No. 2, pp. 144-52.
    • (1997) World Development , vol.25 , Issue.2 , pp. 144-152
    • Taylor, L.1
  • 81
    • 38249016582 scopus 로고
    • Japanese capital outflow
    • Ueda, K. (1990), “Japanese capital outflow”, Journal of Banking and Finance, Vol. 14, pp. 1079-101.
    • (1990) Journal of Banking and Finance , vol.14 , pp. 1079-1101
    • Ueda, K.1
  • 83
  • 84
    • 0001552331 scopus 로고    scopus 로고
    • Evolution of Taiwan’s financial system
    • in Masayama, S. et al (Eds) Institute of Southeast Asian Studies, Singapore
    • Yang, Y.-M. and Shea, T. (1999), “Evolution of Taiwan’s financial system”, in Masayama, S. et al (Eds), East Asia’s Financial Crisis, Institute of Southeast Asian Studies, Singapore.
    • (1999) East Asia’s Financial Crisis
    • Yang, Y.-M.1    Shea, T.2
  • 85
    • 0033983113 scopus 로고    scopus 로고
    • Once only the sky was the limit: Bangkok’s housing boom and the financial crisis in Thailand
    • Yap, S. and Kirinpanu, S. (2000), “Once only the sky was the limit: Bangkok’s housing boom and the financial crisis in Thailand”, Housing Studies, Vol. 15 No. 1, pp. 11-28.
    • (2000) Housing Studies , vol.15 , Issue.1 , pp. 11-28
    • Yap, S.1    Kirinpanu, S.2
  • 86
    • 0031397542 scopus 로고    scopus 로고
    • Everyone’s miracle? Revisiting poverty and inequality in East Asia
    • World Bank, Washington, DC
    • Ahuja, V., Bidani, B., Ferreira, F. and Walton, M. (1997), “Everyone’s miracle? Revisiting poverty and inequality in East Asia”, Directions in Development, World Bank, Washington, DC.
    • (1997) Directions in Development
    • Ahuja, V.1    Bidani, B.2    Ferreira, F.3    Walton, M.4
  • 88
    • 0006614971 scopus 로고
    • On the fluctuation of land prices in postwar Japan
    • Yamada, H. (1993), “On the fluctuation of land prices in postwar Japan”, Kyoto University Economic Review, Vol. 63, pp. 1-13.
    • (1993) Kyoto University Economic Review , vol.63 , pp. 1-13
    • Yamada, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.