USING REAL ESTATE INVESTMENT APPRAISAL METHODS TO EVALUATE REGIONAL POLICY EFFECTS

Nikolaos Triantafyllopoulos

ERES from European Real Estate Society (ERES)

Abstract: Regional policy has four major components: objectives, strategies, instruments and evaluation. In order to achieve the objectives of regional policy, governments employ a wide variety of instruments. Micro-policy instruments of regional policy are concerned with influencing the allocation of labour and capital, both between economic activities and between regions. However, one of the most significant problems tends to be the evaluation of these policy instruments and their effectiveness in achieving the policy objectives they are aimed at. This paper proposes an evaluation of the effects of micro-policy instruments of regional policies on the regional development of economic activities that are essentially dependent on real estate and location, such as tourism activities and the hotel industry, by the use of real estate appraisal techniques. The approach is primarily based on Alfred Marshallís theory of agglomeration economies.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2008-01-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eres.architexturez.net/doc/oai-eres-id-eres2008-277 (text/html)

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:arz:wpaper:eres2008_277

Access Statistics for this paper

More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().