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We provide estimates of the impact of restrictive residential land use environments on the price of land across major American housing markets. Using micro data on vacant land purchased to develop single family housing, we implement a new empirical strategy for estimating so-called 'zoning...
Persistent link: https://www.econbiz.de/10012599283
Much of the property damage from wildfires occurs when fires spread into built up areas, the wildland urban interface. Fire spread within such areas occurs from house to house, as embers from one burning structure ignite neighboring ones. Actions can be taken to mitigate the chances that a given...
Persistent link: https://www.econbiz.de/10013362002
Considerable prior analysis has gone into the study of zoning restrictions on locational choice and on fiscal burdens. The prior work on zoning - particularly fiscal or exclusionary zoning - has provided both inconclusive theoretical results and quite inconsistent empirical support of the...
Persistent link: https://www.econbiz.de/10012460927
China's land market features a substantial industrial discount: industrial-zoned land is an order of magnitude cheaper … governments. We show that local governments, who serve as monopolistic land sellers in China, face a trade-off between supplying …
Persistent link: https://www.econbiz.de/10013388860
This paper studies the economic consequences of the West's foray into China after the Opium War (1839-42), when Western … nature of China's capital markets. Whereas before the Opium War, coastal cities were of relatively minor importance, the … treaty port system of the West transformed China into an economy focused on coastal areas and on international trade that …
Persistent link: https://www.econbiz.de/10012660082
Many studies of regional disparity in China have focused on the preferential policies received by the coastal provinces …
Persistent link: https://www.econbiz.de/10012469817
-Fraumeni human capital measurement framework and modify it to estimate provincial level human capital in China. We produce a …
Persistent link: https://www.econbiz.de/10012455774
Several Chinese cities have invested billions of dollars to construct new industrial parks. These place based investments solve the land assembly problem which allows many productive firms to co-locate close to each other. The resulting local economic growth creates new opportunities for real...
Persistent link: https://www.econbiz.de/10012457290
in China. A short-lived alliance between the U.S.S.R. and China led to the construction of 150 "Million-Rouble plants" in …
Persistent link: https://www.econbiz.de/10013477236
More than 17 percent of households in American central cities live in poverty; in American suburbs, just 7.4 percent of households live in poverty. The income elasticity of demand for land is too low for urban poverty to be the result of wealthy individuals' wanting to live where land is cheap...
Persistent link: https://www.econbiz.de/10012471131