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(Un)Sustainable Territories: Causes of the Speculative Bubble in Spain (1996–2010) and its Territorial, Environmental, and Sociopolitical Consequences

Author

Listed:
  • Juan Romero

    (Interuniversity Institute for Local Development and Department of Geography, University of Valencia, Avenida Blasco Ibáñez, 28, 46540, Valencia, Spain)

  • Fernando Jimenez

    (Department of Political Science, University of Murcia, Ronda de Levante, 10, 30008 Murcia, Spain)

  • Manuel Villoria

    (Department of Public Law and Political Science, University Rey Juan Carlos, Paseo Artilleros s/n 28032, Madrid, Spain)

Abstract

In this paper we analyse the causes of the Spanish property model and its territorial, social, and political consequences. Particular attention is paid to sociopolitical contexts. These consequences include excessive dependence on economic activity and employment in the housing construction sector, the irreversible disappearance of landmarks in the country's collective history and culture, and examples of ‘policy capture’, especially at local and regional levels. This lengthy process has led to corruption in town planning and an increase in poor policy decisions, greatly harming Spain's reputation.

Suggested Citation

  • Juan Romero & Fernando Jimenez & Manuel Villoria, 2012. "(Un)Sustainable Territories: Causes of the Speculative Bubble in Spain (1996–2010) and its Territorial, Environmental, and Sociopolitical Consequences," Environment and Planning C, , vol. 30(3), pages 467-486, June.
    • Handle: RePEc:sae:envirc:v:30:y:2012:i:3:p:467-486
    DOI: 10.1068/c11193r
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    References listed on IDEAS

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    1. Stephen Knack & Philip Keefer, 1995. "Institutions And Economic Performance: Cross‐Country Tests Using Alternative Institutional Measures," Economics and Politics, Wiley Blackwell, vol. 7(3), pages 207-227, November.
    2. Keefer, Philip & Knack, Stephen, 1997. "Why Don't Poor Countries Catch Up? A Cross-National Test of Institutional Explanation," Economic Inquiry, Western Economic Association International, vol. 35(3), pages 590-602, July.
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    Cited by:

    1. Benito, Bernardino & Guillamón, María-Dolores & Ríos, Ana-María & Bastida, Francisco, 2018. "Can salaries and re-election prevent political corruption? An empirical evidence," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 21(1), pages 19-27.

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