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Land Use Regulations and Regional Economic Development

Land Use Regulations and Regional Economic Development ABSTRACT: This paper uses a data-intensive computable general equilibrium (CGE) model of a medium-sized city with integrated commercial and residential land data to analyze changes to local land use regulations via changes in land supply elasticities on economic development measures (employment, household income, housing prices, and tax revenue) under various types of regional growth that originate from different local sectors. The CGE framework overcomes difficulties of econometric modeling in this area, namely, measurement consistency, impact isolation, and endogeneity issues. The results both link the sparse work in this area and provide a systematic analysis including marginal and total impacts. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Land Economics University of Wisconsin Press

Land Use Regulations and Regional Economic Development

Land Economics , Volume 92 (2) – Mar 29, 2016

Land Use Regulations and Regional Economic Development


Perry Burnett ABSTRACT. This paper uses a data-intensive computable general equilibrium (CGE) model of a medium-sized city with integrated commercial and residential land data to analyze changes to local land use regulations via changes in land supply elasticities on economic development measures (employment, household income, housing prices, and tax revenue) under various types of regional growth that originate from different local sectors. The CGE framework overcomes difficulties of econometric modeling in this area, namely, measurement consistency, impact isolation, and endogeneity issues. The results both link the sparse work in this area and provide a systematic analysis including marginal and total impacts. (JEL R11, R52) I. INTRODUCTION Partridge and Rickman (2012) argue that a critical shortcoming of the current land use and regional economic development literatures is the lack of a systematic understanding of their interconnectedness. Local land use policies analyze the efficacy of greenbelts and impacts of urban sprawl, while regional economic development initiatives attempt to expand employment and increase tax revenue. This paper uses a data-intensive computable general equilibrium (CGE) model of a medium-sized city with integrated commercial and residential land data to analyze the impact of changes to the level of local land use regulations on economic development measures (employment, household income, housing prices, and tax revenue) under four types of regional growth (export, total factor productivity [TFP], capital migration, and population) that originate from three different local sectors (manufacturing, high-wage services, and retail). The model is based on 2004 data · · 92 (2): 237­255 ISSN 0023-7639; E-ISSN 1543-8325 2016 by the Board of Regents of the University of Wisconsin System of Fort Collins, Colorado, a medium-sized city that compares to the description of standard medium-sized cities given by Henderson (1997),...
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Publisher
University of Wisconsin Press
Copyright
Copyright by the Board of Regents of the University of Wisconsin System.
ISSN
1543-8325
Publisher site
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Abstract

ABSTRACT: This paper uses a data-intensive computable general equilibrium (CGE) model of a medium-sized city with integrated commercial and residential land data to analyze changes to local land use regulations via changes in land supply elasticities on economic development measures (employment, household income, housing prices, and tax revenue) under various types of regional growth that originate from different local sectors. The CGE framework overcomes difficulties of econometric modeling in this area, namely, measurement consistency, impact isolation, and endogeneity issues. The results both link the sparse work in this area and provide a systematic analysis including marginal and total impacts.

Journal

Land EconomicsUniversity of Wisconsin Press

Published: Mar 29, 2016

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