The Limits to Growth Management
AbstractThis paper reviews and critiques the growth management system in Montgomery County, Maryland with the intent of finding generalizable lessons. An overview of the twenty year old system is followed by an analysis of its consequences and implications. The system fails to provide effective price signals, rather relying on proactive command and control policies from the county government. Moreover the system fails to raise sufficient revenue for new infrastructure. The paper suggests that an alternative, reactive, approach, which links the threads of infrastructure financing and adequate public facilities by replacing quotas with a market based approach of cost-based prices, would be more equitable, efficient, and effective in implementing county goals.
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Bibliographic InfoPaper provided by University of Minnesota: Nexus Research Group in its series Working Papers with number 199706.
Date of creation: 1997
Date of revision:
Publication status: Published in Environment and Planning b: Planning and Design 24: 689-707.
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Find related papers by JEL classification:
- R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
- R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
- R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
- H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Katz, Lawrence F. & Rosen, Kenneth T., 1987.
"The Interjurisdictional Effects of Growth Controls on Housing Prices,"
3442758, Harvard University Department of Economics.
- Katz, Lawrence & Rosen, Kenneth T, 1987. "The Interjurisdictional Effects of Growth Controls on Housing Prices," Journal of Law and Economics, University of Chicago Press, vol. 30(1), pages 149-60, April.
- Michael Elliott, 1981. "The Impact of Growth Control Regulations on Housing Prices in California," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 9(2), pages 115-133.
- David Levinson & Ajay Kumar, 1994. "Operational Evidence of Changing Travel Patterns," Working Papers 199403, University of Minnesota: Nexus Research Group.
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