全球智库信息集成服务系统(G2TT): Tarnishing the Golden and Empire States: Land-Use Restrictions and the U.S. Economic Slowdown

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来源类型	Working Paper
规范类型	报告
DOI	10.3386/w23790
来源ID	Working Paper 23790
	Tarnishing the Golden and Empire States: Land-Use Restrictions and the U.S. Economic Slowdown
	Kyle F. Herkenhoff; Lee E. Ohanian; Edward C. Prescott
发表日期	2017-09-11
出版年	2017
语种	英语
摘要	This paper studies the impact of state-level land-use restrictions on U.S. economic activity, focusing on how these restrictions have depressed macroeconomic activity since 2000. We use a variety of state-level data sources, together with a general equilibrium spatial model of the United States to systematically construct a panel dataset of state-level land-use restrictions between 1950 and 2014. We show that these restrictions have generally tightened over time, particularly in California and New York. We use the model to analyze how these restrictions affect economic activity and the allocation of workers and capital across states. Counterfactual experiments show that deregulating existing urban land from 2014 regulation levels back to 1980 levels would have increased US GDP and productivity roughly to their current trend levels. California, New York, and the Mid-Atlantic region expand the most in these counterfactuals, drawing population out of the South and the Rustbelt. General equilibrium effects, particularly the reallocation of capital across states, accounts for much of these gains.
主题	Macroeconomics ; Consumption and Investment ; Business Cycles ; Fiscal Policy ; Regional and Urban Economics ; Regional Economics
URL	https://www.nber.org/papers/w23790
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/581464
推荐引用方式 GB/T 7714	Kyle F. Herkenhoff,Lee E. Ohanian,Edward C. Prescott. Tarnishing the Golden and Empire States: Land-Use Restrictions and the U.S. Economic Slowdown. 2017.

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
w23790.pdf（1002KB）	智库出版物		限制开放	CC BY-NC-SA	浏览