Does Comprehensive Land-Use Planning Improve Cities?
AbstractComprehensive land-use planning is growing in popularity among U.S. state and local policymakers. This popularity is based on the belief that planning enhances community welfare; however, there is little empirical evidence in support of this belief based upon U.S. data. This paper uses unique data from the state of Florida to estimate the effect on house value of a local community’s commitment to comprehensive planning. If planning enhances community welfare, this should be reflected in higher housing values. The results suggest that a balanced budget expansion in per capita comprehensive planning expenditures enhances community welfare.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 85 (2009)
Issue (Month): 1 ()
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Web page: http://le.uwpress.org/
Find related papers by JEL classification:
- H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
- R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
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- Cheung, Ron & Ihlanfeldt, Keith & Mayock, Thomas, 2009. "The regulatory tax and house price appreciation in Florida," Journal of Housing Economics, Elsevier, vol. 18(1), pages 34-48, March.
- Millard-Ball, Adam, 2012. "Do city climate plans reduce emissions?," Journal of Urban Economics, Elsevier, vol. 71(3), pages 289-311.
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