Until now, the analysis focused on housing tenure (owner-occupancy/ home-ownership and tenancy/lease). However, the housing stock is a fundamental infrastructure also for firms. Indeed, plants, offices, commercial premises and warehouses are part of the firm’s capital goods. This chapter, therefore, looks at the housing stock as a part of capital goods of firms and addresses the important and evergreen growth topic. This chapter also shows that a basic search and matching model of the labour market can easily explain both the capitalization effect and the process of creative destruction.
Housing Stock and Capital Goods (Chapter 12)
gaetano lisi
2025-01-01
Abstract
Until now, the analysis focused on housing tenure (owner-occupancy/ home-ownership and tenancy/lease). However, the housing stock is a fundamental infrastructure also for firms. Indeed, plants, offices, commercial premises and warehouses are part of the firm’s capital goods. This chapter, therefore, looks at the housing stock as a part of capital goods of firms and addresses the important and evergreen growth topic. This chapter also shows that a basic search and matching model of the labour market can easily explain both the capitalization effect and the process of creative destruction.File in questo prodotto:
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