Estimating the effect of land use regulation on land price: At the kink point of building height limits in Fukuoka

IF 3.5 2区经济学 Q1 ECONOMICS

Regional Science and Urban Economics Pub Date : 2023-10-06 DOI:10.1016/j.regsciurbeco.2023.103955

Kentaro Nakajima , Keisuke Takano

引用次数: 0

Abstract

This study estimates the effect of land use regulation on land price by exploiting the feature of building height limits of the aviation law in Fukuoka, Japan. The law limits the height of a building that is within 4000 meters of an airport to 54.1 m, but when the distance exceeds 4000 meters, the limits are relaxed. Exploiting this regulation feature, we estimate the effect of the regulation on land price using the regression kink design. We find that building height restriction has a significantly negative effect on land price and the magnitude of the effects depends on the stringency of regulation.

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土地使用管制对地价影响的评估——以福冈市建筑高度限制的拐点为例

本研究利用日本福冈航空法建筑物高度限制的特点，估计了土地使用管制对地价的影响。法律将距离机场4000米以内的建筑高度限制在54.1米，但当距离超过4000米时，限制就会放宽。利用这一调控特征，我们采用回归扭结设计来估计调控对地价的影响。我们发现，建筑高度限制对土地价格有显著的负面影响，其影响程度取决于监管的严格程度。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Regional Science and Urban Economics Multiple-

CiteScore

5.30

自引率

9.70%

发文量

期刊介绍： Regional Science and Urban Economics facilitates and encourages high-quality scholarship on important issues in regional and urban economics. It publishes significant contributions that are theoretical or empirical, positive or normative. It solicits original papers with a spatial dimension that can be of interest to economists. Empirical papers studying causal mechanisms are expected to propose a convincing identification strategy.