Distortions Resulting from Residential Land Use Controls in Metropolitan Areas

被引：0
|
作者：
Brian N. Jansen
Edwin S. Mills
机构：
[1] Bain and Company,
[2] Kellogg School of Management,undefined
来源：
The Journal of Real Estate Finance and Economics | 2013年 / 46卷
关键词：
Density controls; Housing prices; Real incomes; Population; Employment; Residential land use controls; Stringent restrictions; Metropolitan statistical areas; Panel data; Land index; Logged variables; Spatial equilibrium distribution;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Residential land use controls in metropolitan areas are intended to and typically do restrict housing supply and inevitably raise housing prices. This paper estimates the effects of metropolitan area land use controls on housing prices, employing a remarkable data set compiled by Gyourko, Saiz and Summers. We embed the estimates in a four equation model that estimates the effects of the resulting high housing prices on metropolitan population, real incomes and employment.
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页码：193 / 202
页数：9
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