Does Comprehensive Land-Use Planning Improve Cities?
Comprehensive 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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- Robert W. Wassmer, 2006. "The Influence of Local Urban Containment Policies and Statewide Growth Management on the Size of United States Urban Areas," Journal of Regional Science, Wiley Blackwell, vol. 46(1), pages 25-65.
- Ihlanfeldt, Keith R., 2007. "The effect of land use regulation on housing and land prices," Journal of Urban Economics, Elsevier, vol. 61(3), pages 420-435, May.
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