| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7614 |
| DP7614 Asset Prices, Exchange Rates and the Current Account | |
| LUCIO SARNO; Marcel Fratzscher; Luciana Juvenal | |
| 发表日期 | 2009-12-20 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints benefit the former group (via increasing property prices) but hurt the latter (via increasing development costs). More desirable locations are more developed and, as a consequence of political economy forces, more regulated. Using an IV approach that directly follows from our model we find strong and robust support for our predictions. The data provide weak or no support for alternative hypotheses whereby regulations reflect the wishes of the majority of households or efficiency motives. |
| 主题 | International Trade and Regional Economics ; Public Economics |
| 关键词 | Land use regulations Zoning Land ownership Housing supply |
| URL | https://cepr.org/publications/dp7614 |
| 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/536451 |
| 推荐引用方式 GB/T 7714 | LUCIO SARNO,Marcel Fratzscher,Luciana Juvenal. DP7614 Asset Prices, Exchange Rates and the Current Account. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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