Estimating the effect of land use regulation on land price: At the kink point of building height limits in Fukuoka

被引：4
|
作者：
Nakajima, Kentaro [1 ,2 ]
Takano, Keisuke [3 ]
机构：
[1] Hitotsubashi Univ, Inst Innovat Res, 2-1 Naka, Kunitachi, Tokyo 1868603, Japan
[2] Res Inst Econ Trade & Ind, 1-3-1 Kasumigaseki,Chiyoda Ku, Tokyo 1008901, Japan
[3] Saga Univ, Fac Econ, 1 Honjo, Saga, Saga 8408502, Japan
来源：
REGIONAL SCIENCE AND URBAN ECONOMICS | 2023年 / 103卷
基金：
日本学术振兴会;
关键词：
Land use regulation; Land price; Building height limits; INFERENCE;
D O I：
10.1016/j.regsciurbeco.2023.103955
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study estimates the effect of land use regulation on land price by exploiting the feature of building height limits of the aviation law in Fukuoka, Japan. The law limits the height of a building that is within 4000 meters of an airport to 54.1 m, but when the distance exceeds 4000 meters, the limits are relaxed. Exploiting this regulation feature, we estimate the effect of the regulation on land price using the regression kink design. We find that building height restriction has a significantly negative effect on land price and the magnitude of the effects depends on the stringency of regulation.
引用
收藏
页数：14
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