Optimal allocation of land to transportation in a non-optimal urban structure

This paper deals with the optimal allocation of land to competing uses, residential and transportation, in a built-up urban structure. The land to be allocated is being produced by an optimal demolition activity of the standing housing stock. The population removed has to be housed on the allocated residential land. Hoyt's sector theory is supported.     

A general equilibrium analysis of financial regulation

This paper utilizes a general equilibrium approach to investigate the factor returns and output effects on a regulated and unregulated sector from imposition of a rate of return on investment regulatory constraint. The results differ from those of the ‘traditional’ partial equilibrium model of the regulated firm as originally developed by Averch and Johnson (AJ). The differences are explained by the fact that the general equilibrium approach assumes the existence of efficient capital markets whereas the AJ approach does not. Introduction of the competitive capital market framework in the study of financial regulation through the general equilibrium methodology is this paper's major contribution.     

A METHOD TO CREATE CARBON FOOTPRINT ESTIMATES CONSISTENT WITH NATIONAL ACCOUNTS

Although multiregional input–output (MRIO) databases use data from national statistical offices, the reconciliation of various data sources results in significantly altered country data. This makes it problematic to use MRIO-based footprints for national policy-making. This paper develops a potential solution using the Netherlands as case study. The method ensures that the footprint is derived from an MRIO dataset (in our case the World Input–Output Database (WIOD)) that is made consistent with Dutch National accounts data. Furthermore, usage of microdata allows us to separate re-exports at the company level. The adjustment results in a foreign footprint in 2009 that is 22% lower than the original WIOD estimates and a significantly altered country allocation. We demonstrate that already in the data preparation phase due to the treatment of re-exports and margins, large differences arise with Dutch national statistics, which may help explain the variation in footprint estimates across MRIO databases.     

Determinants of the demand for imports of Venezuela

In this study we use disaggregated annual data to estimate real income and relative price elasticities of demand for imports of Venezuela. After comparing our estimates with those of previous studies, we conclude that (1) Venezuela has made progress in developing domestic substitutes for imports, and (2) the degree of ‘openness’ in Venezuela increased after 1961. We also find evidence that during the period 1974–1979, the increase in the market value of Venezuela's oil reserves led to an increase in all categories of imports.