مشخصات پژوهش

عنوان	The Welfare Effects of Greenbelt Policy: Evidence from England
نوع پژوهش	مقاله چاپ‌شده
کلیدواژه‌ها	“Housing”, “supply constraints”, “greenbelts”, “urban growth boundary”, “open space”.
چکیده	We measure the economic effects of urban growth boundaries or greenbelts that prohibit new construction beyond a predefined urban fringe. We focus on England, where 13% of the land area is designated as greenbelt land. Using spatial differencing, we show that the external effects of these regulations are substantial (about 15-20%) but very local. In contrast to the previous literature, we find no evidence for internal or 'own-lot' effects. We further show that supply effects are important: greenbelt policy reduces housing construction in greenbelts by about 80%, thereby increasing prices throughout the housing market by about 4%. We show that greenbelt policy implies a negative welfare cost of about £ 7.5 billion a year (0.5% of England's GDP). We further find evidence that greenbelts are no popular recreational destinations (proxied by geocoded pictures), and do not imply longer commutes or more housing CO2 emissions.
پژوهشگران	محمد سعید ذبیحی دان (نفر دوم)، هانس کوستر (نفر اول)