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Skyscrapers in Santiago: 300 meters of globalization agenda

Nestor Garza (Universidad del Norte, Barranquilla, Colombia)

Journal of Property Investment & Finance

ISSN: 1463-578X

Article publication date: 7 August 2017

Abstract

Purpose

The purpose of this paper is to assess alternative economic explanations of buildings’ height in Latin America and Chile, inductively producing a theory about skyscrapers’ height in emerging countries. In the quest for height, global exposure as advertising guides developers located in emerging economies, while ego-building for investors.

Design/methodology/approach

This paper uses mixed methods triangulation (MMT). Findings with small sample econometrics for 38 cities from 13 different countries are re-interpreted by linguistically analyzing 11 semi-structured interviews with local experts in Santiago.

Findings

Globalization is the main determinant of skyscrapers height in the Latin American region, its interaction with the need to portray management and technical skills of developer firms, determines a process toward over-construction.

Research limitations/implications

Because of small sample bias, the quantitative results are not fully reliable, but this is precisely why it makes sense to use MMT.

Practical implications

Santiago offers a valuable case study because, on the one hand, Chile was the first Latin American country to undertake neoliberal type reforms, as early as 1973. On the other, the tallest Latin American skyscraper is to be completed in this city by 2015. The theory developed, derived from the evidence and the perceptions, has a Global South reach and can open-up an empirical research agenda.

Originality/value

This paper innovates in real estate research by using MMT, not just to confirm quantitative findings, but as an inductive theory building tool. It also analyses Latin America, a region with scarce presence in the literature.

Keywords

Citation

Garza, N. (2017), "Skyscrapers in Santiago: 300 meters of globalization agenda", Journal of Property Investment & Finance, Vol. 35 No. 5, pp. 439-454. https://doi.org/10.1108/JPIF-05-2016-0032

Publisher

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Emerald Publishing Limited

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