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Measuring Interactions among Urbanization, Land Use Regulations, and Public Finance
Author(s) -
Cho SeongHoon,
Wu JunJie,
Boggess William G.
Publication year - 2003
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1111/1467-8276.00502
Subject(s) - urbanization , public finance , property tax , land use , agricultural economics , natural resource economics , public use , business , economics , land values , public economics , finance , economic growth , tax reform , macroeconomics , political science , civil engineering , law , engineering
This article presents a polychotomous choice‐selectivity model to estimate the interactions among urbanization, land use regulations, and public finance in five western states (California, Idaho, Nevada, Oregon, and Washington). Land use regulations in these five states reduced the total developed area by an estimated 12.2% from 1982 to 1992, but increased housing prices between 1.3% and 4.7%, depending on the intensity of land use regulations in a county. Land use regulations also reduced public expenditure and property tax in the long run by 5.6% and 8.4%, respectively, but increased public expenditure and property tax in the short run by 9.8% and 12.6%.