IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i20p8455-d427732.html
   My bibliography  Save this article

Advancing Revolving Funds for the Sustainable Development of Rural Regions

Author

Listed:
  • Nils-Magnus Wasser

    (Real Estate Studies, Technische Universität Kaiserslautern, Paul-Ehrlich-Straße 14, 67663 Kaiserslautern, Germany)

  • Philipp Ruhstorfer

    (IPU, Breite Gasse 4-5, 99084 Erfurt, Germany)

  • Björn-Martin Kurzrock

    (Real Estate Studies, Technische Universität Kaiserslautern, Paul-Ehrlich-Straße 14, 67663 Kaiserslautern, Germany)

Abstract

Financing measures and incentive schemes for (existing and new) building owners can promote the sustainable settlement development of rural regions or municipalities and, in a wider sense, entire countries or cross-border regions. In order to be used on a broad scale, the concept of revolving funds must continue to be further developed. In this research, the concept of an advanced revolving housing fund (ARF) for building owners to support the sustainable development of rural regions and potential mechanisms are introduced. The ARF is designed to reflect impacts and challenges with regard to rural regions in Germany, Europe and beyond. Based on New Institutional Economics, the Theory of Spatial Organisms, an expert workshop, interviews and discussions and further literature research, the fundamentals for incentive schemes and the essential mechanisms and design aspects of the ARF are derived. This includes the principal structure and governance of a holding fund and several regional funds. Based on this, input parameters for the financial modelling of an ARF are presented as well as guiding elements for empirical testing to promote more research in this area. It is found that the ARF should have a regional focus and must be a comprehensive instrument of settlement development with additional informal and formal measures. The developed concept promises new impulses, in particular, for rural regions. It is proposed to test the concept by means of case studies in pioneer regions of different countries.

Suggested Citation

  • Nils-Magnus Wasser & Philipp Ruhstorfer & Björn-Martin Kurzrock, 2020. "Advancing Revolving Funds for the Sustainable Development of Rural Regions," Sustainability, MDPI, vol. 12(20), pages 1-20, October.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:20:p:8455-:d:427732
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/20/8455/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/20/8455/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Achtnicht, Martin & Madlener, Reinhard, 2014. "Factors influencing German house owners' preferences on energy retrofits," Energy Policy, Elsevier, vol. 68(C), pages 254-263.
    2. Christian Westermeier & Markus M. Grabka, 2017. "Zunehmende Polarisierung der Immobilienpreise in Deutschland bis 2030," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 84(23), pages 451-459.
    3. Mensing, Klaus, 2019. "Revitalisierung des Immobilienbestandes in Klein- und Mittelstädten durch einen revolvierenden Stadtentwicklungsfonds," Arbeitsberichte der ARL: Aufsätze, in: Nischwitz, Guido & Andreas, Verena (ed.), Stadtentwicklungsfonds: Ein neues Instrument zur Unterstützung nachhaltiger Stadtentwicklung?, volume 26, pages 123-135, ARL – Akademie für Raumentwicklung in der Leibniz-Gemeinschaft.
    4. Christian Leßmann & Beate Schirwitz, 2008. "Revolvierende Fonds als Instrument zur Neuausrichtung der Förderpolitik," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(02), pages .11-18, April.
    5. Rudolf Richter, 2015. "Essays on New Institutional Economics," Springer Books, Springer, edition 127, number 978-3-319-14154-1, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alena Harbiankova & Elena Scherbina, 2021. "Evaluation Model for Sustainable Development of Settlement System," Sustainability, MDPI, vol. 13(21), pages 1-15, October.
    2. Alena Harbiankova & Lora Gertsberg, 2022. "Information Model for Sustainable Rural Development," Energies, MDPI, vol. 15(11), pages 1-15, May.
    3. Marius Mihai Micu & Eduard Alexandru Dumitru & Catalin Razvan Vintu & Valentina Constanta Tudor & Gina Fintineru, 2022. "Models Underlying the Success Development of Family Farms in Romania," Sustainability, MDPI, vol. 14(4), pages 1-17, February.
    4. Ionuț-Adrian Drăguleasa & Amalia Niță & Mirela Mazilu & Gheorghe Curcan, 2023. "Spatio-Temporal Distribution and Trends of Major Agricultural Crops in Romania Using Interactive Geographic Information System Mapping," Sustainability, MDPI, vol. 15(20), pages 1-25, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Feser, Daniel & Runst, Petrik, 2015. "Energy efficiency consultants as change agents? Examining the reasons for EECs’ limited success," ifh Working Papers 1 (2015), Volkswirtschaftliches Institut für Mittelstand und Handwerk an der Universität Göttingen (ifh).
    2. Shoaib Azizi & Gireesh Nair & Thomas Olofsson, 2020. "Adoption of Energy Efficiency Measures in Renovation of Single-Family Houses: A Comparative Approach," Energies, MDPI, vol. 13(22), pages 1-16, November.
    3. Mensing, Klaus & Anders, Ulrike & Fanelli-Falcke, Jörg & Hauschild, Arndt & Löwer, Markus & Mansfeld, Ulrike & Nussbaum, Jens & Ribbeck-Lampel, Juliane & von Rohr, Götz & Schulze, Juana & Sondermann, , 2020. "Zukunft der (Stadt-)Zentren ohne Handel? Neue Impulse und Nutzungen für Zentren mit Zukunft," Positionspapier aus der ARL 116, ARL – Akademie für Raumentwicklung in der Leibniz-Gemeinschaft.
    4. Fischbacher, Urs & Schudy, Simeon & Teyssier, Sabrina, 2021. "Heterogeneous preferences and investments in energy saving measures," Resource and Energy Economics, Elsevier, vol. 63(C).
    5. Florian Knobloch & Hector Pollitt & Unnada Chewpreecha & Vassilis Daioglou & Jean-Francois Mercure, 2017. "Simulating the deep decarbonisation of residential heating for limiting global warming to 1.5C," Papers 1710.11019, arXiv.org, revised May 2018.
    6. Rockstuhl, Sebastian & Wenninger, Simon & Wiethe, Christian & Ahlrichs, Jakob, 2022. "The influence of risk perception on energy efficiency investments: Evidence from a German survey," Energy Policy, Elsevier, vol. 167(C).
    7. Feser, Daniel & Runst, Petrik, 2016. "Energy efficiency consultants as change agents? Examining the reasons for EECs’ limited success," Energy Policy, Elsevier, vol. 98(C), pages 309-317.
    8. Krieger, Tim & Nientiedt, Daniel, 2022. "The renaissance of ordoliberalism in the 1970s and 1980s," Discussion Paper Series 2022-05, University of Freiburg, Wilfried Guth Endowed Chair for Constitutional Political Economy and Competition Policy.
    9. Felipe Encinas & Carlos Marmolejo-Duarte & Carlos Aguirre-Nuñez & Francisco Vergara-Perucich, 2020. "When Residential Energy Labeling Becomes Irrelevant: Sustainability vs. Profitability in the Liberalized Chilean Property Market," Sustainability, MDPI, vol. 12(22), pages 1-17, November.
    10. Tu, Gengyang & Faure, Corinne & Schleich, Joachim & Guetlein, Marie-Charlotte, 2021. "The heat is off! The role of technology attributes and individual attitudes in the diffusion of Smart thermostats – findings from a multi-country survey," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
    11. Marek Zieliński & Piotr Koza & Artur Łopatka, 2022. "Agriculture from Areas Facing Natural or Other Specific Constraints (ANCs) in Poland, Its Characteristics, Directions of Changes and Challenges in the Context of the European Green Deal," Sustainability, MDPI, vol. 14(19), pages 1-22, September.
    12. Harmsen - van Hout, Marjolein & Ghosh, Gaurav & Madlener, Reinhard, 2013. "The Impact of Green Framing on Consumers’ Valuations of Energy-Saving Measures," FCN Working Papers 7/2013, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN).
    13. Grzegorz Mlynarski, 2020. "Institutionalism in a nutshell [Review of the book Ekonomia instytucjonalna: zarys teorii i jej wymiar praktyczny, by K. Bentkowska]," Catallaxy, Institute of Economic Research, vol. 5(2), pages 107-110, December.
    14. Xin Liang & Geoffrey Qiping Shen & Li Guo, 2019. "Optimizing Incentive Policy of Energy-Efficiency Retrofit in Public Buildings: A Principal-Agent Model," Sustainability, MDPI, vol. 11(12), pages 1-19, June.
    15. Park, Jiyong & Woo, JongRoul, 2023. "Analyzing consumers' willingness to purchase energy-efficient appliances in response to energy price changes: Case study of South Korea," Energy Economics, Elsevier, vol. 127(PA).
    16. Jan Paul Baginski & Christoph Weber, "undated". "Coherent estimations for residential photovoltaic uptake in Germany including spatial spillover effects," EWL Working Papers 1902, University of Duisburg-Essen, Chair for Management Science and Energy Economics.
    17. Peter Heindl, 2015. "Measuring Fuel Poverty: General Considerations and Application to German Household Data," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 71(2), pages 178-215, June.
    18. Galassi, Veronica & Madlener, Reinhard, 2017. "The Role of Environmental Concern and Comfort Expectations in Energy Retrofit Decisions," Ecological Economics, Elsevier, vol. 141(C), pages 53-65.
    19. Dergiades, Theologos & Madlener, Reinhard & Christofidou, Georgia, 2018. "The nexus between natural gas spot and futures prices at NYMEX: Do weather shocks and non-linear causality in low frequencies matter?," The Journal of Economic Asymmetries, Elsevier, vol. 18(C), pages 1-1.
    20. Bui Ngoc Son, 2019. "Economic Constitutions in the Developing World," The Law and Development Review, De Gruyter, vol. 12(3), pages 669-690, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:20:p:8455-:d:427732. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.