Evaluating the Economic Impact of Planning Controls in the United Kingdom: Some Implications for Housing

Monk, Sarah; Whitehead, Christine

doi:10.2307/3146994

Cited by 57 publications

(35 citation statements)

References 16 publications

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“…British researchers have shown that, although individuals believe that new housing only accounts for a small portion of the total housing stock, restrictive policies can increase housing prices [33][34][35][36]. Greenbelts have increased housing prices by controlling land supplies, which deeply harms the bottom of the market, as emphasized by the results of Barker's investigation [37,38].…”

Section: Literature Reviewmentioning

confidence: 95%

The Effects of Greenbelt Policies on Land Development: Evidence from the Deregulation of the Greenbelt in the Seoul Metropolitan Area

et al. 2017

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Greenbelt policies are important urban containment policies. On the one hand, they can effectively control the disorderly growth of a city; on the other hand, they can cause other social problems because of their strict control over land development. This paper uses data from 2000 and 2010 and the difference-in-differences (DID) method to evaluate the effects of greenbelt deregulation policies on urban land development in the Seoul metropolitan area (SMA) through a quasi-natural experiment. The results show that first, the deregulation of the greenbelt has significantly furthered urban land development that was not caused by economic development or other factors. Second, the greenbelt deregulation had no significant effects on urban land development in the city centers, but has furthered urban land development near the boundary of Seoul City and greenbelt boundaries. Third, in terms of the effects on land development, the greenbelt deregulation has resulted in regional heterogeneity. Specifically, the greenbelt deregulation has had a significant impact on the urban land development in the southern section of the Han River, whereas the effects of the greenbelt deregulation in the northern area of the Han River are not as obvious.

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Section: Literature Reviewmentioning

confidence: 95%

The Effects of Greenbelt Policies on Land Development: Evidence from the Deregulation of the Greenbelt in the Seoul Metropolitan Area

et al. 2017

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“…On the demand side, because government intervention in land market can help preserve environmental amenities, enhance accessibilities and promote more efficient provision of public service and infrastructure, it can increase the demand for housing through an amenity effect (Cheshire & Sheppard, 2002;Dawkins & Nelson, 2002;Ihlanfeldt, 2007). On the supply side, government intervention in land market can lead to a decline in the amount of land available for housing development, which in turn will put downward pressure on new housing supply (Cheshire & Sheppard, 2004Dawkins & Nelson, 2002;Gerald, 1992;Hui & Ho, 2003;Ihlanfeldt, 2007;Kim, 1993;Kim & Cho, 2010;Monk & Whitehead, 1999;Saiz, 2010;Vermeulen & van Ommeren, 2009). Because governments around the world are faced with the task of ensuring an adequate supply of housing to meet demand, improving housing affordability and maintaining stability in the property market (Chen, Hao, & Stephens, 2010;Chiu, 2007;Kim & Cho, 2010;Ooi, Sirmans, & Turnbull, 2011;Rosen & Ross, 2000), examining the impacts that government intervention in land market has on real estate market outcomes is an area that deserves research attention.…”

Section: Introductionmentioning

confidence: 96%

“…Although the impact that government intervention in land market has on new housing supply has been the focus of a growing number of studies (Bramley, 1993;Green, Malpezzi, & Mayo, 2005;Mayer & Somerville, 2000a;Monk & Whitehead, 1999;Quigley & Raphael, 2005;Saiz, 2010), most of these studies are conducted in developed countries and scant attention has been devoted to emerging market economies which are undergoing both rapid economic growth and significant institutional change. China's real estate market provides a good opportunity to examine the impacts that government intervention in land market has on land supply and new housing supply in fast-growing developing countries.…”

Section: Introductionmentioning

confidence: 99%

Government intervention in land market and its impacts on land supply and new housing supply: Evidence from major Chinese markets

Siqi

2014

Habitat International

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“…Perhaps, a possible means of dealing with this problem is the use of comparative static method involving the employment of control and experiment groups. Even so, this may not be suitable for planning policies, which are usually applied in a uniform way (Monk and Whitehead, 1999;Hammond and Antwi, 2010). The foregoing demonstrates that it is practically difficult if not impossible to apply multiplier-based methodologies to estimate the extent of benefits of planning policies in SSA.…”

Section: The Multiplier-based Methodologiesmentioning

confidence: 99%

Estimating the Benefits of Sub-Saharan Africa Urban Land Use Planning System: A Methodological Discussion

Awuah¹,

Hammond²,

Lamond³

et al. 2013

Proceedings of the 20th Annual European Real Estate Society Conference - Vienna, Austria

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A large volume of literature discussion focuses on the weakness of sub-Saharan Africa (SSA) land use planning systems to the exclusion of their benefits. The starting point to any such effort at assessing the extent of benefit of these land use planning systems is to devise a suitable benefit estimation methodology. This study based on a review of the literature interrogates the conventional quantitative methodologies usually employed in the developed world to calibrate benefits of planning policies. It is established that conventional methodologies used in the developed world are associated with complexities and require huge volumes of organised data, which are hardly encountered in SSA. This signifies that a bespoke methodology is required to estimate the extent of benefits of planning regimes in the sub-region. The study therefore, prescribes a methodology based on the nature of the planning regimes and organised data peculiarities in the sub-region.

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Evaluating the Economic Impact of Planning Controls in the United Kingdom: Some Implications for Housing

Cited by 57 publications

References 16 publications

The Effects of Greenbelt Policies on Land Development: Evidence from the Deregulation of the Greenbelt in the Seoul Metropolitan Area

The Effects of Greenbelt Policies on Land Development: Evidence from the Deregulation of the Greenbelt in the Seoul Metropolitan Area

Government intervention in land market and its impacts on land supply and new housing supply: Evidence from major Chinese markets

Estimating the Benefits of Sub-Saharan Africa Urban Land Use Planning System: A Methodological Discussion

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