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SMU SOE Seminar (Mar 3, 2017): Measuring the Stringency of Land-Use Regulation: The Case of China's Building-Height Limits
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TOPIC:
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MEASURING THE STRINGENCY OF LAND-USE REGULATION: THE CASE OF CHINA'S BUILDING-HEIGHT LIMITS
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ABSTRACT
This paper develops a new approach for measuring the stringency of a major form of land-use regulation, building-height restrictions, and applies it to an extraordinary dataset of land-lease transactions from China. Our theory shows that the elasticity of land price with respect to the floor-area ratio (FAR), a building-height indicator, is a measure of the regulation’s stringency (the extent to which FAR is kept below the free-market level). Using a national sample, estimation allowing this elasticity to be city-specific shows variation in the stringency of FAR regulation across Chinese cities. Single-city estimation for Beijing shows that stringency varies with site characteristics.
Click here to view the paper.
Click here to view his CV.
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PRESENTER
Jan Brueckner
University of California, Irvine
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RESEARCH FIELDS
Urban Economics
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DATE:
3 Mar 2017 (Friday)
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TIME:
4pm - 5.30pm
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VENUE:
Seminar Room 3.10, Level 3
School of Economics
Singapore Management University
90 Stamford Road
Singapore 178903
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