Land Regulations, Housing Prices and Land Regulations, Housing Prices and Productivity
نویسندگان
چکیده
منابع مشابه
Housing, Land Prices, and Growth
We consider the effects of land for housing on the growth process within an overlapping generations model. Our original interest was to enquire whether the introduction of land into a growth model might account for a “virtuous” circle in which saving-up for land (or housing) generates growth and higher land prices, generating further increases in saving, and so on. Such an account is sometimes ...
متن کاملMetropolitan Land Values and Housing Productivity∗
We present the first nationwide index of directly-measured land values by metropolitan area and investigate their relationship with housing prices. Construction prices and geographic and regulatory constraints are shown to increase the cost of housing relative to land. On average, approximately one-third of housing costs are due to land, with an increasing share in higher-value areas, implying ...
متن کاملEconomic Geography, Jobs, and Regulations: The Value of Land and Housing
Analyses of the determinants of land prices in urban areas typically base inferences on housing transactions which combine payments for land and long-lived improvements. These inferences, in turn, are based upon assumptions about the production function for housing and the appropriate aggregation of non-land inputs. In contrast, we investigate directly the determinants of urban land prices. We ...
متن کاملStock Prices, Regional Housing Prices, and Aggregate Technology Shocks
The correlation between stock and housing prices, which is critical for household asset allocations, varies widely by metropolitan area and country. A general equilibrium model demonstrates that an aggregate positive technology shock increases stock prices and housing demand but can decrease housing prices where land supply is elastic because stable future rents are discounted at higher interes...
متن کاملNber Working Paper Series Metropolitan Land Values and Housing Productivity
We would like to thank participants at seminars at the AREUEA Annual Meetings (Chicago), Ben-Gurion University, the Federal Reserve Bank of New York, the Housing-Urban-Labor-Macro Conference (Atlanta), Hunter College, the NBER Public Economics Program Meeting, the New York University Furman Center, the University of British Columbia, the University of Connecticut, the University of Michigan, th...
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ژورنال
عنوان ژورنال: Agenda - A Journal of Policy Analysis and Reform
سال: 2007
ISSN: 1322-1833,1447-4735
DOI: 10.22459/ag.14.12.2007.03