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Translocality on the real estate market: A new extended approach

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  • Wisniewski, Radoslaw
  • Brzezicka, Justyna

Abstract

Growing levels of socio-economic development around the world have induced globalisation processes that generally diminish the role of local communities and local processes. However, the intensification of global processes has led to an unexpected turn towards locality. This process is referred to as glocalisation. Globalisation leads to the generalisation of locality (universalisation), and glocalisation processes localise globality (indigenisation). Globalisation and glocalisation are integrated through translocality which supports evaluations of the co-existence of both processes. This study proposes a general concept of translocality (TR) and a methodology for measuring translocality (MTR). In this approach, translocality reflects the degree of tension/adaptation between globalisation and glocalisation. The results of the study indicate that translocal processes on regional markets in Poland proceed gradually, and that they are accompanied by the emergence of convergence clubs of translocal regions and the progressing inter-regional stratification in translocality levels.

Suggested Citation

  • Wisniewski, Radoslaw & Brzezicka, Justyna, 2020. "Translocality on the real estate market: A new extended approach," Land Use Policy, Elsevier, vol. 97(C).
    • Handle: RePEc:eee:lauspo:v:97:y:2020:i:c:s0264837719312694
    DOI: 10.1016/j.landusepol.2020.104731
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    References listed on IDEAS

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    Cited by:

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    2. Radoslaw Wisniewski & Piotr Daniluk & Aneta Nowakowska-Krystman & Tomasz Kownacki, 2022. "Critical Success Factors of the Energy Sector Security Strategy: The Case of Poland," Energies, MDPI, vol. 15(17), pages 1-27, August.
    3. Mateusz Tomal, 2022. "Testing for overall and cluster convergence of housing rents using robust methodology: evidence from Polish provincial capitals," Empirical Economics, Springer, vol. 62(4), pages 2023-2055, April.

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    More about this item

    Keywords

    Translocality; Real estate market; Locality; Globality; Globalisation; Glocalisation;
    All these keywords.

    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • F69 - International Economics - - Economic Impacts of Globalization - - - Other
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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