1. A comprehensive wealth index for cities in Germany.
- Author
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Dovern, Jonas, Quaas, Martin F., and Rickels, Wilfried
- Subjects
- *
CAPITAL stock , *WEALTH , *SOCIOECONOMICS , *CONJOINT analysis , *ECONOMIC research - Abstract
Highlights: [•] We apply the capital stock approach to measure wealth in German cities. The approach reflects the environmental, energy, social, human, and economic performance of the cities. [•] We compare our ranking with the average housing rates in German cities. [•] There is no inherent trade-off between economic and environmental capital stocks. [•] Clear regional differences exist between West and East Germany and between North and South Germany. [•] The comprehensive wealth index is strongly correlated with housing rents, which reflect individual willingness to pay for living in a certain city. [Copyright &y& Elsevier]
- Published
- 2014
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