题  目：The Welfare Effects of Greenbelt Policies: Evidence from England

报告人：Hans Koster  副教授  阿姆斯特丹自由大学空间经济学系

主持人：梁友莎 博士  浙江大学经济学院

时  间：2017年11月3日（周五）   15:30-17:00

地  点：浙江大学玉泉校区经济学院418室  

Abstract: Planning regulations affect the urban spatial structure of most contemporary cities. We measure the economic effects of urban growth boundaries or greenbelts that prohibit new construction beyond a predefined urban fringe. In this paper we analyse the local external, internal and supply effects of these policies on the housing market. We focus on England, where 13% of the land area is designated as greenbelt land. Using spatial differencing, we show that the external effect of these regulations are substantial (about 15-20%) but very local (within 1km). In contrast to the previous literature, we find no evidence for internal or 'own-lot' effects. We further show that supply effects are important: greenbelt policies reduce housing construction in greenbelts by about 80%, thereby increasing prices throughout the housing market by about 25%. We show that greenbelt policies imply a negative welfare effect and substantially reduce housing affordability.

CRPE秘书处
2017-10-25