Thursday, January 10, 2013

Assorted Links

Recent Real Estate Trends in China


Abstract:
We provide the first multi-city, constant quality land price index for 35 major markets in China. While there is meaningful heterogeneity in land price growth across cities, on average the last nine years have seen land values skyrocket in many markets, not just those on or near the coast. The typical market has experienced double-digit compound average annual growth in real, constant-quality land values. The 2009-2010 stimulus period typically saw large surges in prices. Three notable characteristics about the land value appreciation series are their strong mean reversion at annual frequencies, the strong common factor in their movement, and their very high volatility. Quantities, not just prices, have been sharply increasing in recent years. The typical amount of space supplied via land auctions in our 35 city sample has doubled since 2008. Some local political economy traits such as the time the local Chinese Communist Party leader has been in office are correlated with land supply volume.

Famous watchwords in Urban Planning

Some of you might have heard of the Google Books Ngram Viewer. Basically, it's a tool that charts the usage of any word over time in published books (Google books database has over 20 million scanned books).

So this time, I have used it as as a proxy for the popularity of famous watchwords in Urban Planning, such as smart growth, compact city, new urbanismcreative class and world city.

Here is what I've found. You can click on the image to enlarge it or you can click here and try your own combination of words.

[Click on te image to enlarge it]

Perhaps you might ask 'why would someome do that? for what purpose?' the ultimate answer!


You may also play around using google trends, which shows how often a particular search-term is entered relative to the total search-volume in google's search engine.

Tuesday, January 8, 2013

Urban Picture

Chinese Architecture, Old and New. Awesome pictures! (via Tyler Cowen)


MRU short videos on Migration

Tyler Cowen and Alex Tabarrok (from MR Blog) have a few excellent short videos on Migration as a part of their Development Economics course at the Marginal Revolution University.

This one is about internal migration in China.

Other MRU videos on Migration you should check:
  1. Basic Facts about Migration
  2. Wage Gains from Immigration
  3. Remittances
  4. Is there a Brain Drain?
  5. Wage Effects in the U.S.
  6. Internal Chinese Migration

Friday, January 4, 2013

The Prison Population in the US is down

Quote of the day

"The future is already here – it's just not evenly distributed."