LEADER 05769nam 2200805Ia 450 001 9910139948603321 005 20200520144314.0 010 $a9786612278495 010 $a9781282278493 010 $a1282278495 010 $a9781444310009 010 $a1444310003 010 $a9781444310016 010 $a1444310011 035 $a(CKB)1000000000790571 035 $a(EBL)470420 035 $a(SSID)ssj0000357430 035 $a(PQKBManifestationID)11238948 035 $a(PQKBTitleCode)TC0000357430 035 $a(PQKBWorkID)10352611 035 $a(PQKB)10442369 035 $a(Au-PeEL)EBL470420 035 $a(CaPaEBR)ebr10332948 035 $a(CaONFJC)MIL227849 035 $a(OCoLC)441887007 035 $a(MiAaPQ)EBC470420 035 $a(Perlego)2753413 035 $a(EXLCZ)991000000000790571 100 $a20090324d2009 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBuilding cycles $egrowth & instability /$fRichard Barras 205 $a1st ed. 210 $aChichester, West Sussex, U.K. $cAmes, Iowa $cWiley-Blackwell$dc2009 215 $a1 online resource (450 p.) 225 0 $aReal estate issues 300 $aDescription based upon print version of record. 311 08$a9781405130011 311 08$a1405130016 320 $aIncludes bibliographical references and index. 327 $aCover; Contents; Preface; Abbreviations used in the text; 1 Introduction: A Historical Approach; The idea of cyclical growth; A historical perspective; Historical examples; Imperial Rome; Tudor and Stuart London; An illustrative building cycle: London (1714-1900); The structure of the book; 2 Growth and Cycles: The Economic Debate; The underlying theme; The growth story; The classical economists; The neoclassical revolution; Technology and growth; Keynes; The neoclassical growth model; Modern growth theory; Historical dependence; Historical perspectives on business cycles; Pioneering studies 327 $aMeasuring trend and cycle A family of cycles; Long waves; Business cycle theory; Impulse and propagation: Multiplier-accelerator models; Non-linear models; Rational expectations; New Classical theory; New Keynesian theory; Summary: Theories of growth and cycles; 3 The Nature of Building Cycles; A long and violent cycle; Historical building cycle research; The first wave of empirical studies; Theoretical perspectives; The post-war empirical tradition; Three key studies; Modern property cycle research; Long cycles: Fact or artifact?; New perspectives and established traditions 327 $aThe formation of market expectations The integration of real estate and capital markets; Globalization and speculative bubbles; Towards a satisfactory theory of the building cycle; What we know about building cycles; A conceptual model of the building cycle; 4 Building Investment and Economic Growth; Buildings as means of production; Investment and technical progress; Building versus equipment capital; Cyclical growth; Building investment as driver of growth; Building investment and UK growth (1855-2005); A growth model with building capital; The trajectory of US growth (1929-2005) 327 $aBuilding investment as generator of cycles The identification of economic cycles; UK investment cycles (1855-2005); US investment cycles (1901-2005); Appendix: The growth model; 5 Building Investment and Urban Development; Urban innovation and accumulation; The city in history; Urban agglomeration; The growth of cities; Transport and suburbanization; A comparison of UK and US urban development cycles; The data; Structural models; Growth trajectories; Long cycles; Cycle phasing; Explanatory variables; Cycle histories; Variations in growth; The transport-building cycle; Turning points 327 $aA UK building cycle chronology (1785-2005)Long cycles and major cycles; The first industrial revolution (1785-1856); The second industrial revolution (1856-88); The age of electricity (1888-1918); Inter-war turbulence (1918-44); The post-war consumer boom (1944-81); The computer age (1981-2008?); The London building cycle (1714-2005); Middlesex deeds (1714-1900); London house-building (1856-2005); A London building cycle chronology; 6 Case Study: The City of London Office Market; The development of the city economy; City of capital; The City in the sixteenth to eighteenth centuries 327 $aThe Victorian and Edwardian City 330 $aThe global economic crisis of 2008 was precipitated by a housing market crash, thus highlighting the destabilizing influence of the property cycle upon the wider economy. This timely book by a world authority explores why cycles occur and how they affect the behaviour of real estate markets. The central argument put forward is that growth and instability are inextricably linked, and that building investment acts both as a key driver of growth and as the source of the most volatile cyclical fluctuations in an economy. The role of building cycles in both economic growth and urban development 410 0$aReal Estate Issues 606 $aCities and towns$xGrowth 606 $aCommunity development, Urban 606 $aBusiness cycles 606 $aConstruction industry 606 $aReal property$xValuation 615 0$aCities and towns$xGrowth. 615 0$aCommunity development, Urban. 615 0$aBusiness cycles. 615 0$aConstruction industry. 615 0$aReal property$xValuation. 676 $a307.76 700 $aBarras$b Richard$0897784 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910139948603321 996 $aBuilding cycles$92179511 997 $aUNINA