Infrastructure financing and urban development: the economics of impact fees

Article Abstract:

Impact-fee and cost-sharing schemes used in financing incremental infrastructure create impact on the economic growth and property value of a place. A shift to impact-fee scheme (IF) when cost-sharing scheme (CS) is higher than the interest rate results in an improved local growth and higher value of developed land. On the other hand, temporary halting of growth and higher value of developed land occur when a shift to IF scheme is preceded by a CS growth lower than the interest rate.

Analysis, Management, Infrastructure (Economics), Economic development, City planning, Urban planning

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Self-fulfilling beliefs about social status

Article Abstract:

The ability of social status to generate significant economic activity is based on cultural values regarding such social status. Cultures that have low social stratification tend to recognize the economic potential of the motivated lower classes that have achieved some form of social status through their accumulated wealth. Countries with high social stratification tend to view such fortunes of the lower classes as accidental and not indicative of long-term economic stature.

Economic aspects, Social status, Social classes, Social class, Occupational prestige

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