The Economic Costs and Transport Benefits of Seoulâ€™s Industrial Land Use Controls
This study focuses on both the favourable and adverse consequences of Seoulâ€™s industrial development controls; namely, the transport benefits and the economic costs. The study develops a method to estimate the effects of the controls by combining three different models: a 2SLS regression model, a random-utility-based location choice model and a transport model. The most important findings are the aggregate annual economic costs and transport benefits of the controls: a $45.9 billion output and 336â€‰000 job losses versus $4.8 billion in transport cost savings. These empirical findings indicate that the citizens of the Seoul metropolitan region would be better off economically, with more job opportunities, in the absence of the industrial development controls, and would pay relatively minor transport costs for these benefits.
Volume (Year): 49 (2012)
Issue (Month): 8 (June)
|Contact details of provider:|| Web page: http://www.gla.ac.uk/departments/urbanstudiesjournal|
When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:49:y:2012:i:8:p:1791-1810. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publishing)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.