Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 10, 2015 erstellt
Beschreibung:
In a recent paper in Applied Economics, Barr, Mizrach and Mundra test for the existence of a “Skyscraper Curse”. Their results led the Economist magazine to conclude that you cannot forecast the onset of recessions using the announcement or completion dates of the world's tallest building – in effect, there is no Skyscraper Curse. This paper reinterprets Barr, Mizrach and Mundra showing that their evidence is consistent with the theory underlying the Skyscraper Curse, so that skyscraper construction is a strong signal of an impending major crisis