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An econometric study of the decisions of a town planning authority: complementary & substitute uses of industrial activities in Hong Kong

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Author Info
Lawrence W.C. Lai (Department of Real Estate and Construction, University of Hong Kong, Hong Kong)
Winky K.O. Ho (Department of Real Estate and Construction, University of Hong Kong, Hong Kong)
Abstract

This is a contribution to the research on the interface between urban economics and urban planning at the micro level on the one hand and economic development at the macro level on the other hand by a study of the relationship between the performance of the development application mechanism and economic development. This study is conducted in the light that neither urban economics nor urban planning research has utilized useful development control information that can help better understand the spatial and linkage aspects of the industrial sector in economic development. A probit study of a relatively large population of statistics (with 1728 observations) concerning planning applications for uses in lands under industrial zoning in Hong Kong is conducted in terms of 5 refutable hypotheses about the role of the planning authority in respect of land uses that are neutral to, complementary to and substitutes of industrial uses in a local context where major structural changes are occurring in the economy. The hypotheses are derived from standard price theory. The test discovers that, consistent with the theory of substitute goods, that the probabilities of mixed industrial|office and pure office uses in industrial zones being approved were dependent on the rise and fall of the manufacturing sector (measured in terms of labor share). However, those for ancillary office use, a use that theoretically should be complementary to industrial activities, were independent of the state of the manufacturing sector. Copyright © 2002 John Wiley & Sons, Ltd.

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File URL: http://hdl.handle.net/10.1002/mde.1054
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Article provided by John Wiley & Sons, Ltd. in its journal Managerial and Decision Economics.

Volume (Year): 23 (2002)
Issue (Month): 3 ()
Pages: 127-135
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Handle: RePEc:wly:mgtdec:v:23:y:2002:i:3:p:127-135

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  1. Thorson, James A., 1997. "The Effect of Zoning on Housing Construction," Journal of Housing Economics, Elsevier, vol. 6(1), pages 81-91, March. [Downloadable!] (restricted)
  2. Crone, Theodore M., 1983. "Elements of an economic justification for municipal zoning," Journal of Urban Economics, Elsevier, vol. 14(2), pages 168-183, September. [Downloadable!] (restricted)
  3. Baumol, William J, 1972. "On Taxation and the Control of Externalities," American Economic Review, American Economic Association, vol. 62(3), pages 307-22, June. [Downloadable!] (restricted)
  4. Courant, Paul N., 1976. "On the effect of fiscal zoning on land and housing values," Journal of Urban Economics, Elsevier, vol. 3(1), pages 88-94, January. [Downloadable!] (restricted)
  5. Jonathan H. Mark & Michael A. Goldberg, 1981. "Land use Controls: The Case of Zoning in the Vancouver Area," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 9(4), pages 418-435. [Downloadable!] (restricted)
  6. James Tobin, 1987. "Essays in Economics - Vol. 2: Consumption and Economics," MIT Press Books, The MIT Press, edition 1, volume 2, number 0262200643.
  7. D I Brotherton, 1992. "On the control of development by planning authorities," Environment and Planning B: Planning and Design, Pion Ltd, London, vol. 19(4), pages 465-478, July. [Downloadable!] (restricted)
  8. Katz, Lawrence & Rosen, Kenneth T, 1987. "The Interjurisdictional Effects of Growth Controls on Housing Prices," Journal of Law & Economics, University of Chicago Press, vol. 30(1), pages 149-60, April.
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