| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14369 |
| 来源ID | Working Paper 14369 |
| Housing Externalities | |
| Esteban Rossi-Hansberg; Pierre-Daniel Sarte; Raymond Owens III | |
| 发表日期 | 2008-09-25 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Using data compiled from concentrated residential urban revitalization programs implemented in Richmond, VA, between 1999 and 2004, we study residential externalities. Specifically, we provide evidence that in neighborhoods targeted by the programs, sites that did not directly benefit from capital improvements nevertheless experienced considerable increases in land value relative to similar sites in a control neighborhood. Within the targeted neighborhoods, increases in land value are consistent with externalities that fall exponentially with distance. In particular, we estimate that housing externalities decrease by half approximately every 990 feet. On average, land prices in neighborhoods targeted for revitalization rose by 2 to 5 percent at an annual rate above those in the control neighborhood. These increases translate into land value gains of between $2 and $6 per dollar invested in the program over a six-year period. We provide a simple theory that helps us interpret and estimate these effects. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Public Economics ; Taxation ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w14369 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572041 |
| 推荐引用方式 GB/T 7714 | Esteban Rossi-Hansberg,Pierre-Daniel Sarte,Raymond Owens III. Housing Externalities. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14369.pdf（1402KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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