By Kristen Carpenter Israel is often nicknamed as the “start-up nation” for its thriving high-tech industries and successful entrepreneurial ventures. Unfortunately, the country is also known for its protectionist policies in the economic sector. A report by the Brookings Institution found that Israeli industries have above-average market concentration rates across all sectors, including manufacturing, real … Continue reading How Israel’s Crony Capitalism Undermines Its Reputation as a “Start-up Nation”
Study Finds Growth Management Laws Reduce Housing Affordability
by Matt Kelly A new study by Cato Institute Senior Fellow Randal O’Toole explores the history and effects of growth management in the United States. Growth-management laws, according to O’Toole, “restrict rural development in order to force most growth into the cities.” In “The New Feudalism: Why States Must Repeal Growth-Management Laws” O’Toole finds these … Continue reading Study Finds Growth Management Laws Reduce Housing Affordability
New Study Examines Spillover Effects of Real Estate Owned Properties
Since the housing market collapse, banks have repossessed large numbers of homes. These REO or real estate owned properties are often vacant and rundown and can lower the values of nearby residences. While research confirms this spillover effect of REOs on other properties, few studies have evaluated its relative magnitude in different neighborhoods. DeVoe Moore … Continue reading New Study Examines Spillover Effects of Real Estate Owned Properties
Tourism Vital to Florida’s Economy
By Erick Winterkamp Florida is known around the world for its white sandy beaches, diverse wildlife and theme parks. These environmental and manmade attractions make it a hotspot for domestic and international tourism. State and local taxes and spending have impacted the tourism industry, but Florida would likely be a tourism destination with or without … Continue reading Tourism Vital to Florida’s Economy
Foreclosed Properties Sold to Homeowners Stabilize Property Values
The collapse of the housing market led to an increase in the number of foreclosed residences, with ownership of many reverting to the banks. These are referred to as REO (real estate owned) properties. Recent research concludes the presence of REOs in a neighborhood can lower the property values of nearby homes, but these studies … Continue reading Foreclosed Properties Sold to Homeowners Stabilize Property Values
New Study Sheds Light on Property Taxes in Florida
By Matt Kelly A new study by DeVoe Moore Eminent Scholar Keith Ihlanfeldt and economist Kevin Willardsen explores property taxes in Florida. The authors challenge the conventional wisdom that governments only consider the “public interest” when writing their budgets and setting tax rates. With property taxes accounting for 31% of Florida’s total revenues, understanding how … Continue reading New Study Sheds Light on Property Taxes in Florida
Why Illegal Drug Money Doesn’t Promote Economic Development
Original post date: August 21, 2013 Article by: Sam Staley 5/10/2023 Edits: Some links that were no longer working have been fixed. Sandra Avila Beltran, the woman he reached the pinnacle of the Colombian-Mexican drug cartel as the "Queen of the Pacific," has been extradited back to Mexico. Her tale is a complicated one, and … Continue reading Why Illegal Drug Money Doesn’t Promote Economic Development
Housing Formation in a Recession
Post date: June 27, 2013 Article by: Gary Chong-Qui In past years, a stigma seems to have followed people moving back in with their parents after college. Most undergrads think they’ll have their lives sorted out by the time graduation day comes, or at the very least have some direction for moving on. The statistics … Continue reading Housing Formation in a Recession
Buildings Don’t Create Permanent Jobs
Original post date: March 22, 2013 Article by: Sam Staley 5/8/2023 Edits: Some links that were no longer compatible have been fixed. Gaines Street is the "it" place for Tallahassee's economic redevelopment initiatives, skirting the northern edge of the southern border of the Frenchtown/Southside Community Redevelopment Area. With large new projects going up along the … Continue reading Buildings Don’t Create Permanent Jobs
Do Left-Leaning Cities Oppose New Housing?
Original post date: February 25, 2013 Article by: Anonymous Matthew E. Kahn of UCLA’s Institute of Environment concludes in a study published in the Journal of Urban Economics that cities with a majority of citizens registered in political parties with liberal tendencies—the Democratic Party, Green Party, and Peach and Freedom Party—issued fewer new housing permits … Continue reading Do Left-Leaning Cities Oppose New Housing?
Is Florida Headed for a Seller’s Market?
Original Post date: July 10, 2012 Article by: Anonymous The subtitle of a recent Miami Herald Business Monday (6/18/2012) article read: “South Florida's real estate market suffers from depressed prices and low inventory [emphasis added].” With an average decrease of 49% in real estate values from the housing peak in 2006, perhaps suffering is an … Continue reading Is Florida Headed for a Seller’s Market?