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El Suelo Urbano y la Composición de la Riqueza

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Author Info
Gonzalo Edwards () (Instituto de Economía. Pontificia Universidad Católica de Chile.)
Jaime Hurtubia
Gert Wagner () (Instituto de Economía. Pontificia Universidad Católica de Chile.)

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Abstract

This paper examines the evolution of urban land prices in Santiago during the last decade. Rates of return and variability measures are compared with those of other assets using a CAPM framework. Results show low and statistically not significant beta values. The paper concludes with a general discussion of possible explanations for these results.

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Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía.

Volume (Year): 32 (1995)
Issue (Month): 96 ()
Pages: 151-164
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Handle: RePEc:ioe:cuadec:v:32:y:1995:i:96:p:151-164

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  1. Bhatia, Kul B., 1979. "Corporate taxation, retained earnings, and capital formation," Journal of Public Economics, Elsevier, vol. 11(1), pages 123-134, February. [Downloadable!] (restricted)
  2. Stone, Douglas & Ziemba, William T, 1993. "Land and Stock Prices in Japan," Journal of Economic Perspectives, American Economic Association, vol. 7(3), pages 149-65, Summer. [Downloadable!] (restricted)
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