NIMBY effect, mortgage payments and firm size: the different impact of homeownership on new businesses

Gaetano Lisi

Economics Bulletin, 2018, vol. 38, issue 2, 908-915

Abstract: This empirical paper aims at integrating two recent and related research streams: the consensus about a negative effect of homeownership on new businesses (usually explained by the so-called ‘Not In My Back Yard' effect) and the negative impact of homeownership with mortgage payments on business start-up. Using a cross-section analysis in Italy, we find a first empirical evidence of a different impact of homeownership on new businesses according to the firm size. Precisely, the (negative) NIMBY effect works for medium- and large-sized enterprises, while outright homeownership has a positive effect on new small firms; instead, the negative effect of mortgage payments on business start-up concerns small firms.

Keywords: new businesses; business start-up; homeownership; NIMBY effect; mortgage payments; firm size. (search for similar items in EconPapers)
JEL-codes: L2 R3 (search for similar items in EconPapers)
Date: 2018-04-29
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2018/Volume38/EB-18-V38-I2-P89.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-18-00192

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().