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Prof Gabriel Lee, PhD

Real estate economics introduces the most important topics that play a role in understanding cities and property markets (commercial property markets as well as housing markets): The influence of economics principles on the demand for property, how property markets work, the relationship between land use, land value and location. Students who have taken this subject should understand how property markets work and how they are related to other markets. Also covered are the reasons for government intervention, the forms of government intervention and the evaluation of relevant policy measures.

https://sites.google.com/view/gabriel-s-lee (external link, opens in a new window)

 

About the person

Prof Gabriel S. Lee, Ph.D. studied mathematics and economics at the University of Alberta (B.Sc.) and the University of Western Ontario (M.A. Economics). He received his Ph.D. (Economics) from the University of Chicago with a thesis on "Housing Investment under Time to Build and Adjustment Costs. " After various research stays, which took him to the University of Pittsburgh, the University of California, Davis, the University of Vienna and the University of Innsbruck, among others, he taught as a member of the teaching staff at the Institute for Advanced Studies in Vienna. Since April 2004, he has held the Chair of Real Estate Economics at the newly founded Institute of Real Estate Economics at the University of Regensburg. Professor Lee is mainly concerned with macroeconomic and financial topics and, in this context, primarily examines the role of property in the investment portfolio of an economy.

Publications

Note: The publications listed here have been entered on the http://epub.uni-regensburg.de/ (external link, opens in a new window) server. This is not necessarily a complete list of publications.


Publications - Prof. Dr Gabriel Lee

  • Curriculum vitae (C.V. July 2025)
  • Beitr?ge in referierten Zeitschriften / Refereed papers in journals
  • Buchbeitr?ge / Papers in books
  • Monographs
  • Arbeitspapiere, graue Literatur, Sonstiges / Working papers, grey literature, other publications

Beitr?ge in referierten Zeitschriften / Refereed papers in journals

"Estimating the price of residential land in German Counties" (2021) with Stefanie Braun (Univ. of Regensburg) (forthcoming in Regional Science and Urban Economics)

"Uncertainty, Financial Development, and FDI Inflows: A Global Evidence" (2021) with Nguyen Phuc Canh (Univ of Economics, HCMC) (forthcoming in Economic Modelling)

"On the Measure of Private Rent Regulation Index and Its Effects on Housing Rents: Cross-Country Evidence", (2020) with Jan Philip Weber, in International Journal of Housing Markets and Analysis, Vol. 13 No. 4, pages. 635-659.

"Risk Shocks with Time-Varying Higher Moments", (2020) with Victor Dorofeenko (I.H.S.), Johannes Strobel (Univ of Frankfurt), and Kevin Salyer (Univ. of California, Davis). in Studies in Nonlinear Dynamics & Econometrics, Vol 24, Issue 2, 20180028, eISSN 1558-3708, DOI: doi.org/10.1515/snde-2018-0028.

"A New Measure of Real Estate Uncertainty Shocks" (2020) with Binh Nguyen-Thanh (R.M.I.T.) and Johannes Strobel (Univ of Frankfurt), in Real Estate Economics , Vol 48(3), Pages 744-771

"Effects of Macroeconomic Uncertainty and Labor Demand Shocks on the Housing Market", (2020) with Johannes Strobel (Univ of Frankfurt) and Binh Nguyen-Thanh (R.M.I.T.) in Real Estate Economics. Vol 48(2),Pages 345-372

"Agency Costs and Investment Behaviour in the Euro Area and in the U.S.", (2018) with Johannes Strobel (Univ of Frankfurt), and Kevin Salyer (Univ of California, Davis). Journal of Asian Business and Economic Studies, Vol. 25 Issue: 1, pp.122-143

Gabriel Lee, Victor Dorofeenko, Kevin Salyer:
Risk Shocks and Housing Supply: A Quantitative Analysis (external link, opens in a new window)
Journal of Economic Dynamics and Control 45 (2014) 194-219.

Gabriel Lee, Victor Dorofeenko, Kevin Salyer:
Rational explanations for property price bubbles: the impact of risk shocks on residential property price volatility and the volatility of residential property investment (external link, opens in a new window)
Perspectives on Economic Policy (2011).

Victor Dorofeenko, Gabriel Lee, Kevin Salyer:
A New Algorithm for Solving Dynamic Stochastic Macroeconomic Models (external link, opens in a new window)
Journal of economic dynamics & control 3/34 (2010) 388-403.

Victor Dorofeenko, Gabriel Lee, Kevin Salyer:
Time Varying Uncertainty and the Credit Channel (external link, opens in a new window)
Bulletin of Economic Research 4/60 (2008) 375-403.

Dominique Y. Dupont, Gabriel Lee:
Effects of securities transaction taxes on depth and bid-ask spread (external link, opens in a new window)
Economic Theory 2/31 (2007) 393-400.


Buchbeitr?ge / Papers in books

Gabriel Lee:
Residential property markets (external link, opens in a new window)
Real estate economics. Volume 4: Economic Foundations, Oldenbourg, Munich 2007.

Gabriel Lee, Joachim M?ller:
Urban Economics (external link, opens in a new window)
Regional and urban economics, no publisher, 2006.


Monographs

Working Papers / Monographs

J. Strobel, K.D. Salyer and G. Lee (2016)

Comment on Risk Shocks by Christiano, Motto, and Rostagno (2014) (external link, opens in a new window)

V. Dorofeenko, G. Lee, K.D. Salyer and , J. Strobel (2016)

Housing and Macroeconomy: The Role of Credit Channel, Risk -, (external link, opens in a new window)
Demand - and Monetary Shocks (external link, opens in a new window)

V. Dorofeenko, G. Lee, K.D. Salyer and , J. Strobel (2016)

On Modelling Risk Shocks (external link, opens in a new window)

J. Strobel, K.D. Salyer and G. Lee (2016)

Hump-shaped Uncertainty, Agency Costs and Aggregate Fluctuations (external link, opens in a new window)

Hawranek, F.;Schanne, N.(2015):
Your very private job agency: Job referrals based on residential location networks (external link, opens in a new window)
Working Paper (2015)

Dechant, T.;Schulte, K.(2012):
Coskewness in European Real Estate Equity Returns (external link, opens in a new window)

Dechant, T.;Finkenzeller, K.(2012):
Direct Infrastructure Investment and its Role in Drawdown-Efficient Portfolios (external link, opens in a new window)

Dorofeenko, V.;Lee, G.;Salyer, K.(2010):
Risk Shocks and Housing Markets (external link, opens in a new window)
(2010)

Gruber, J.;Lee, G.(2008):
Bank lending effect on German commercial property prices (external link, opens in a new window)
Working Paper(2008)


Arbeitspapiere, graue Literatur, Sonstiges / Working papers, grey literature, other publications

Victor Dorofeenko, Gabriel Lee, Kevin Salyer:

Risk Shocks and Housing Markets (external link, opens in a new window)
IHS Working Paper, Vienna, 2010.

Johannes Gruber, Gabriel Lee:
Bank lending effect on German commercial property prices (external link, opens in a new window)
Working Paper, Regensburg, 10 July 2008.

Christoph Schmid, Steffen P. Sebastian, Gabriel Lee, Marcel Fink, Iain Paterson:
Summary of the comparative legal and economic study on the property services market (COMP/2006/D3/003) (external link, opens in a new window)
Brussels, 2007.

Christoph Schmid, Steffen P. Sebastian, Gabriel Lee, Marcel Fink, Iain Paterson:
Study COMP/2006/D3/003 Conveyancing Services Market (external link, opens in a new window)
Brussels, 2007.
[Study commissioned by the European Commission Competition]

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