Italy: Capital Switching in Milan

2011 ◽  
pp. 103-123
Keyword(s):  
Capital Switching

Capital Switching and the Role of Ground Rent: 1 Theoretical Problems

1989 ◽  
Vol 21 (4) ◽  
pp. 445-462 ◽  
Author(s):  
R J King
Keyword(s):  
Social Change ◽  
Housing Market ◽  
Capital Accumulation ◽  
The State ◽  
Social Conditions ◽  
Rent Extraction ◽  
Economic Sectors ◽  
Speculative Investment ◽  
Capital Switching

The flow of both productive and speculative investment into housing relates to the state of capital accumulation in other economic sectors, as hypothesised in the ‘circuits of capital’ argument, but it also relates to the incentive to ‘switch’ investment into and out of housing, and therefore to expectations of ground rent and the (changing) social conditions that enable ground rent extraction. This is the first of three papers in which the relationships involved in these processes are explored. A series of theoretical problems arising from the argument are dealt with, principally relating to its seeming economic determinism and to an inappropriately narrow treatment of crisis and social change. In the subsequent papers, in this journal, these various ideas will be used to reflect on housing market and related social change in Melbourne from the 1930s to the 1980s.

Emerging Chinese new towns: Local government-directed capital switching in inland China

Cities ◽  
2018 ◽  
Vol 79 ◽  
pp. 102-112 ◽  
Author(s):  
Guanwen Yin ◽  
Yungang Liu ◽  
Fenglong Wang
Keyword(s):  
Local Government ◽  
New Towns ◽  
Capital Switching

Some Tests for the Rent Gap Theory

1998 ◽  
Vol 30 (3) ◽  
pp. 523-542 ◽  
Author(s):  
C-F Yung ◽  
R J King
Keyword(s):  
Inner City ◽  
Space And Time ◽  
Spatial Restructuring ◽  
A Minor ◽  
Rent Gap Theory ◽  
Capital Switching

The ambiguity of the title is intended. Smith's rent gap theory is difficult to operationalize, and the authors propose tests for three of its aspects: to observe the presence or otherwise of a ‘rent valley’, to observe the coincidence of a rent gap with a period of gentrification, and to observe capital switching to inner-city alterations and additions. However, when the tests are applied to 1967–91 Melbourne data, they are somewhat testing for the theory itself: there are certainly rent gaps, but they are unevenly distributed over space and time, not consistently associated with periods of gentrification but rather with more complex shifts at the level of demand, and to be viewed as just a minor phenomenon of the broader processes of continual spatial restructuring.

scholarly journals Capital Switching and the Built Environment: United States, 1970–89

1994 ◽  
Vol 26 (5) ◽  
pp. 715-732 ◽  
Author(s):  
R A Beauregard
Keyword(s):  
United States ◽  
Real Estate ◽  
Empirical Work ◽  
Temporal Analysis ◽  
Use Value ◽  
Secondary Circuit ◽  
Real Estate Investment ◽  
Investment Activity ◽  
The Usa ◽  
Capital Switching

In this paper, a ‘weak’ test of the capital-switching argument developed by David Harvey is offered. With data on construction investment activity for the USA and on various alternative investments, a temporal analysis was used to assess whether evidence exists for the movement of capital from the primary to the secondary circuit. The investigation is focused specifically on the building boom of the 1980s, as that expansion has been the focus of recent theoretical and empirical work centered on the relation between urbanization and the restructuring of capital. Little support was found for the claim that capital switching has occurred, but the data do point to a delinking of real-estate investment from nonspeculative investment criteria and use-value considerations.

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