Urban house prices and investments in small and medium-sized industrial firms: Evidence from provinces of Iran

被引:11
作者
Gholipour, Hassan F. [1 ]
机构
[1] Swinburne Univ Technol, Hawthorn, Vic, Australia
关键词
house prices; industrial firms; Iran; SMEs; urban adults; DUTCH DISEASE; UNIT ROOTS; ENTREPRENEURSHIP; DETERMINANTS; INFERENCE; WEALTH;
D O I
10.1177/0042098019897887
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Using data from provinces of Iran from 2005 to 2016 and applying panel cointegrating regressions, I find that increases in real house prices have a negative and statistically significant effect on investments in small and medium-sized industrial firms. There are at least three possible mechanisms through which increases in house prices adversely affect industrial entrepreneurship. They (1) generate housing construction investment opportunities with high returns, (2) attract many urban adults with tertiary education to the real estate brokerage industry, and (3) encourage people to save more to buy houses (which is one of the prerequisites for marriage in Iran).
引用
收藏
页码:3347 / 3362
页数:16
相关论文
共 50 条
[21]   The relations between governance and the internationalisation of SMEs: evidence from medium-sized Austrian firms [J].
Mitter, Christine ;
Duller, Christine ;
Feldbauer-Durstmueller, Birgit .
INTERNATIONAL JOURNAL OF ENTREPRENEURIAL VENTURING, 2014, 6 (04) :367-390
[22]   The impact of small- and medium-sized family firms on economic growth [J].
Esra Memili ;
Hanqing Fang ;
James J. Chrisman ;
Alfredo De Massis .
Small Business Economics, 2015, 45 :771-785
[23]   International Opportunity Recognition among Small and Medium-Sized Family Firms [J].
Kontinen, Tanja ;
Ojala, Arto .
JOURNAL OF SMALL BUSINESS MANAGEMENT, 2011, 49 (03) :490-514
[24]   Environmental Management Systems in Thai Small and Medium-Sized Manufacturing Firms [J].
Ueasangkomsate, P. ;
Wongsupathai, C. .
2018 IEEE INTERNATIONAL CONFERENCE ON INDUSTRIAL ENGINEERING AND ENGINEERING MANAGEMENT (IEEE IEEM), 2018, :695-699
[25]   Knowledge management approaches of small and medium-sized firms: a cluster analysis [J].
Alexandru, Vlad Andrei ;
Bolisani, Ettore ;
Andrei, Andreia Gabriela ;
Gabriel Cegarra-Navarro, Juan ;
Martinez Martinez, Aurora ;
Paiola, Marco ;
Scarso, Enrico ;
Vatamanescu, Elena-Madalina ;
Zieba, Malgorzata .
KYBERNETES, 2020, 49 (01) :73-87
[26]   Innovative Behaviour of Small and Medium-Sized Enterprises of an Industrial Region [J].
Vlasov, Maxim V. .
EKONOMIKA REGIONA-ECONOMY OF REGION, 2020, 16 (04) :1335-1347
[27]   The Reaction of Small and Medium-sized Industrial Enterprises on the Crisis Period [J].
Volek, Tomas ;
Novotna, Martina ;
Kratoska, Jan .
PROCEEDINGS OF THE 9TH INTERNATIONAL SCIENTIFIC CONFERENCE INPROFORUM: COMMON CHALLENGES - DIFFERENT SOLUTIONS - MUTUAL DIALOGUE, 2015, :20-24
[28]   Sustainability Drivers of Small and Medium-Sized Firms: A Review and Research Agenda [J].
Korsakiene, Renata ;
Raisiene, Agota Giedre .
SCIENTIFIC PAPERS OF THE UNIVERSITY OF PARDUBICE-SERIES D-FACULTY OF ECONOMICS AND ADMINISTRATION, 2022, 30 (01)
[29]   Perceived resource deficiency and internationalization of small- and medium-sized firms [J].
Xie Y.H. ;
Suh T. .
Journal of International Entrepreneurship, 2014, 12 (3) :207-229
[30]   Firm and industry effects on small, medium-sized and large firms' performance [J].
Fernandez, Esteban ;
Iglesias-Antelo, Susana ;
Lopez-Lopez, Vicente ;
Rodriguez-Reyd, Marcos ;
Fernandez-Jardon, Carlos M. .
BRQ-BUSINESS RESEARCH QUARTERLY, 2019, 22 (01) :25-35