Thierry Theurillat

Thierry Theurillat
  • PhD in economic and urban Geography
  • Professor (Assistant) at HES-SO University of Applied Sciences and Arts Western Switzerland

About

46
Publications
28,206
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853
Citations
Introduction
As an urban and economic geographer, I am interested about issues around the financing circuits of regional development and urban production. My main research themes are focused on financialization, urban production, urban sustainability, urbanization, both in Switzerland-Europe and China-South East Asia
Current institution
HES-SO University of Applied Sciences and Arts Western Switzerland
Current position
  • Professor (Assistant)
Additional affiliations
March 2016 - January 2017
Paris-Est Sup
Position
  • Visiting scholar
February 2014 - February 2016
The University of Hong Kong
Position
  • Visiting research associate
September 2006 - June 2011
University of Neuchâtel
Position
  • PhD Student
Education
September 2006 - December 2011
University of Neuchâtel
Field of study
  • Territorial Economy
September 2003 - June 2005
University of Lausanne
Field of study
  • Urban Studies
September 1994 - June 2000
University of Neuchâtel
Field of study
  • Geography, History and Political Science

Publications

Publications (46)
Chapter
Au cours des vingt dernières années, les processus d’urbanisation ont subi de profondes transformations sous l’influence croissante d’acteurs privés, tout particulièrement financiers, exposant le cadre physique des villes aux flux de capitaux mondiaux. Cela a généré une hausse généralisée des valeurs immobilières à l’échelle planétaire, le plus sou...
Article
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This article seeks to address current debates on ongoing China’s urban development and makes a theoretical proposal that links financialization and ecological civilization through the perspective of the increasing role of consumption in today’s transition to an upgraded domestic economy. While both financialized land value capture and the role of q...
Article
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In the 1980s, Switzerland’s Jura Arc region was a globally competitive ‘new industrial space’ in the Third Industrial Revolution’s flexible accumulation regime based on information and communication technology (ICT) and automation processes. Recently, this nowadays ‘old industrial space’ has been experiencing the implementation of Industry 4.0. Cau...
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This data-paper presents and describes a consolidated, harmonized, internationally comparable database to quantify the impacts of the housing affordability crisis. Local harmonized indicators allow to examine the unequal spatial patterns of housing affordability across a selection of European cities. This study seeks at informing and mapping the in...
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This article provides an empirically based novel research framework addressing ‘the land/built environment–finance and economic development nexus’ of China’s urban growth model. First, urban growth must be viewed beyond manufacturing and production activities to incorporate consumption activities. Mega-projects and infrastructure development have g...
Conference Paper
Full-text available
Numerous scholars in urban studies have put land at the center of China's urban growth and of the production of built environment. Based on scholars that revisited respectively the export-base theory in economic geography and regional studies and the role of built environment at the era of financialization in financial geography, this article reexa...
Article
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As a part of the geography of finance, this article shows, on the basis of several case studies, how the financial industry, by appropriating the concept of sustainable development in a particular way, has built its own approach to “sustainable financial value” within the framework of socially responsible investment funds (SRI). It explains how the...
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This article provides a heuristic framework to address issues about China’s ongoing urbanization in relation to the role of land and built environment as triggers for economic growth and to the increasing financialization of urban production. While a dominant field of literature highlights the interrelation between land and capital within a specifi...
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Illustrated by a case study on the urban development of a medium-sized city in China, this article develops a theoretical framework to help understand the role the financial system plays in the urban development model based on land in China. Three fields of literature have been used in order to link the various mechanisms between land, urban infras...
Chapter
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Considering financial markets as institutional and geographical constructs, this chapter develops a territorial approach to the financialisation of the economy and of regions. By financialisation is meant the construction and exploitation of the mobility/liquidity of capital (Corpataux and Crevoisier, 2005) that ends up driving a distinction betwee...
Article
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Shopping centers are among the most significant places to sell luxury goods in East Asia. However, the relations between retail networks of luxury companies and access to land and real estate still need to be addressed. On the one hand, an extensive literature highlights how the turn to luxury industry since the 1990s has enabled some European coun...
Article
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Asia has increasingly become the place to sell luxury goods as a result of economic growth. Swiss luxury watch groups have all turned to new Asian markets since the late 1990s, with the help of key intermediaries such as local distributors and retailers. However, facing the verticalization strategies of large groups to improve the control and even...
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Asia has increasingly become the place to sell luxury goods as a result of economic growth. Swiss luxury watch groups have all turned to new Asian markets since the late 1990s, with the help of key intermediaries such as local distributors and retailers. However, facing the verticalization strategies of large groups to improve the control and even...
Article
Full-text available
What has made the urbanization of capital possible in China since the late 1990s? A major strand of literature in urban geography has pointed out land as the main trigger of urbanization. Scholars have highlighted the empowerment of local governments and their subsequent role in implementing China’s national urbanization objectives because of subst...
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This commentary article proposes three ideal types of ‘anchoring of finance capital into the city’, i.e. the way in which capital, as it is valued in financial markets, is transformed into real capital and vice versa. Some contexts will allow market finance s visions of the city to become reality without great alteration, and this produces the ‘fin...
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Revealing the parties, the processes and the institutions and, consequently, both the diversity and contingency of the real estate markets, the existing increasing literature emphasises the contemporary numerous links and interdependencies between real estate, land value, planning and town planning policy and even the financial system. This paper i...
Article
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Article
Full-text available
Revealing the parties, the processes and the institutions and, consequently, both the diversity and contingency of the real estate markets, the existing increasing literature emphasises the contemporary numerous links and interdependencies between real estate, land value, planning and town planning policy and even the financial system. This paper i...
Article
Full-text available
Cet article propose d'approfondir les travaux sur la géographie urbaine à travers une approche institutionnaliste et territoriale de la durabilité économique. Plus spécifiquement, il porte sur les impacts de la finance de marché sur le construit urbain et sur la production de la ville sous l'angle de la durabilité à partir du concept de ville négoc...
Data
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Sustainability and the anchoring of capital: negotiations surrounding two major urban projects in Switzerland, Regional Studies. This article deals with the anchoring of mobile financial capital in the city and urban sustainability. Illustrated by a case study in the Swiss context, it develops the theory that new forms of negotiation are appearing...
Article
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Financialization and sustainable urban planning are now two major components of urban production and landscape change in Western cities. The purpose of this article is to demonstrate how the intervention of financial actors influences urban sustainability in the building of megaprojects, by developing a conceptual framework for analysis and interpr...
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This article deals with the anchoring of mobile financial capital in the city and urban sustainability. Illustrated by a case study in the Swiss context, it develops the theory that new forms of negotiation are appearing around urban projects. Development/construction firms are playing a central role: they are capable of evaluating and translating...
Article
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The aim of this article is to develop a conceptual, analytical and interpretative framework to address the relationship between “finance, city and sustainability” that has been little studied in urban geography. To give answers to the impact of market finance on the built environment and on a city’s production from the sustainability angle, we prop...
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Based on an institutional and territorial approach, this article questions the linkages between financial and real economy. The current crisis is seen as the result of an autonomy process of finance towards the real economy, which can be understood as the implementation of a specific geography with the very concentration and control in the main fin...
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Dans une perspective institutionnaliste et territoriale, cet article interroge le couplage entre la finance de marché d’une part et l’économie réelle d’autre part. La crise actuelle est présentée comme le résultat d’une autonomisation progressive de la finance vis-à-vis de l’économie réelle, qui peut être comprise comme la construction d’une géogra...
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Financialization is a major trend in Western economies. This paper shows, on the one hand, how it changes the management criteria and, on the other hand, the limits to financialization in the property sector. Between 1992 and 2004, about 15% of Swiss pension funds' wealth was invested in property. As far as their investment policy is concerned, pen...
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A new economic geography of finance is emerging, and the current “financialization” of contemporary economies has contributed greatly to the reshaping of the economic landscape. How can these changes be understood and interpreted, especially from a territo- rial point of view? There are two contradictory eco- nomic theories regarding the tangible e...
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La crise financière actuelle soulève la question de la régulation des marchés financiers. Le développement durable ou l'éthique pourraient être des réponses. Cependant, la finance de marché et le développement durable reposent sur des bases antagonistes. La finance de marché se caractérise par la liquidité/mobilité du capital alors que le développe...
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Theories on corporate governance have developed in line with the development of the financial markets and the increasing power of institutional investors. Indeed, the financial markets' power can be measured by the ability of shareholders, and of institutional investors in particular, to influence businesses and their managers. A number of reforms...
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Cet article traite de la modification des circuits d’investissements immobiliers, à travers l’exemple des investissements des caisses de pension, dans le contexte de financiarisation de l’économie. Deux circuits sont mis en évidence. Dans le premier circuit, les caisses agissent comme entrepreneurs et investisseurs, les investissements sont régiona...
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About 15% of the fortune of the Swiss pension funds has been invested in real estate from 1994 to 2002. Pension trusts have two possibilities in their investment policy, either owning and being responsible for the buildings directly or buying shares in investment vehicules whose localization is mainly in Zurich. In the first case, pension trusts be...
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This article suggests more in-depth work on urban geography by means of an institutionalist and territorial approach to economic sustainability. More specifically, it addresses the impact of market finance on the built environment and on a city's production from the sustainability angle, based on the concept of the negotiated city. We develop the t...
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Les fonds de pension investis dans l’immobilier en Suisse ont représenté environ le 15% de la fortune totale de la prévoyance professionnelle de 1994 à 2002. Les caisses de pension ont le choix entre détenir des immeubles de manière directe ou de prendre des parts dans des institutions spécialisées situées principalement à Zurich. Dans le premier c...
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En combinant plusieurs affectations, les grands objets urbains tels que les complexes multifonctionnels privés (centre commercial et de loisirs) ou publics-privés (stades de sport et centre commercial) qui se sont récemment multipliés en Suisse peuvent contribuer à la construction de « la ville sur la ville. » Parallèlement à ces changements d’ordr...
Article
Cet article propose d’approfondir les travaux sur la géographie urbaine à travers une approche institutionnaliste et territoriale de la durabilité économique. Plus spécifiquement, il porte sur les impacts de la finance de marché sur le construit urbain et sur la production de la ville sous l’angle de la durabilité à partir du concept de ville négoc...
Article
Full-text available
Cet article interroge le couplage entre l'industrie financière d'une part et l'économie réelle (économie monétaire de production) d'autre part dans une perspective institutionnaliste et territoriale. La crise actuelle, qui a pris naissance dans la sphère financière pour se propager ensuite vers les activités réelles, est présentée comme le résultat...
Article
Cet article aborde deux phénomènes marquant de la production urbaine, la financiarisation d’une part et le développement durable d’autre part, qui ont été peu traités en géographie urbaine. Plus particulièrement, en mettant en perspective la durabilité et la financiarisation telles qu’elles se réalisent dans le construit urbain, il développe la thè...

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