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In spite of a growing recognition of the importance of supply conditions for the level and volatility of house prices, empirical work on housing supply outside the US is scarce. This paper considers various measures of housing supply in the Netherlands, where real house prices have roughly...
Persistent link: https://www.econbiz.de/10011372990
Why has job growth over the past decades been weaker in the Dutch Randstad area than in surrounding regions? In a simultaneous equations analysis, we find that employment adjusts to the regional supply of labour. Net internal migration is predominantly determined by regional housing supply and...
Persistent link: https://www.econbiz.de/10011373814
Although many researchers have investigated the value of open space in cities, few of them have compared them to the costs of providing this amenity. In this paper, we use the monocentric model of a city to derive a simple cost-benefit rule for the optimal provision of open space. The rule is...
Persistent link: https://www.econbiz.de/10011373817
In this paper we provide evidence of segmentation of the Dutch land markets by spatial planning into three compartments referring to agricultural, industrial and residential use. We analyze transactions of ready-to-be developed land provided by the Dutch Land Register (Kadaster) and find that...
Persistent link: https://www.econbiz.de/10011446891
Zoning regulations restrict housing supply and hence raise prices. This paper quantifies this effect by comparing … structure and the land that other home owners need to forego. Relative to our estimates of these costs, we find that zoning … substantial. The effect of zoning has increased dramatically over the past two decades, likely due to existing restrictions …
Persistent link: https://www.econbiz.de/10012923707
Land is an essential but limited natural resource. We employ the concept of stocks to analyse driving forces for land-use conversion and to assess, whether the German political "30- hectares-goal" is feasible given the current institutional setting. In this paper major driving forces for...
Persistent link: https://www.econbiz.de/10003863014
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Die Anforderungen an die inländische Infrastruktur werden in Zukunft trotz der gegenwärtigen globalen Wirtschaftskrise …
Persistent link: https://www.econbiz.de/10003977779