G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6862
DP6862 The Procyclical Effects of Basel II
Rafael Repullo; Javier Suarez
发表日期2008-06-13
出版年2008
语种英语
摘要This article attempts a formal analysis of the connection between the differentiated property tax rates within urban areas and urban spatial pattern in U.S. cities. We first develop a duocentric-city model where the Central Business District (CBD) is located at the origin while the Suburban Business District (SBD) is at the other end of the city. We show that the ratio between the property tax in the suburbs and in the center has an ambiguous impact on the size of the city. We then test this model empirically to determine this sign by using a dataset of effective property tax rates we developed using GIS techniques for central cities and suburbs in 445 urbanized areas. The empirical analysis estimates the link between these two variables by controlling for variables such as population, income, agricultural rent, commuting cost, climate, crime, and employment structure. Results from the empirical analyses suggest that a lower property tax rate in the suburbs in comparison to the central city is associated with more expansive urban growth and greater level of decentralization of population and employment.
主题International Trade and Regional Economics ; Public Economics
关键词Central city Differentiated property tax Suburbs Urban decentralization Urban sprawl
URLhttps://cepr.org/publications/dp6862
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/535687
推荐引用方式
GB/T 7714
Rafael Repullo,Javier Suarez. DP6862 The Procyclical Effects of Basel II. 2008.
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