Growth management and housing prices: The case of Portland, Oregon

被引：105

作者：

Phillips, J ^{[1
]}

Goodstein, E

机构：

[1] US Dept Justice, Washington, DC USA

[2] Lewis & Clark Coll, Dept Econ, Portland, OR 97219 USA

来源：

CONTEMPORARY ECONOMIC POLICY | 2000年 / 18卷 / 03期

关键词：

D O I：

10.1093/cep/18.3.334

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Portland, Oregon, is well known for its relatively unique urban growth boundary (UGB), a very tight form of zoning designed to control sprawl. The UGB has recently been criticized for raising housing prices. From a theoretical perspective, the UGB will pat upward pressure oil: land and thus housing prices, but the magnitude of this effect is uncertain. Increasing density should substitute for higher land prices, partially offsetting any reduction irt the supply of housing. In addition, at any given moment, speculative factors influence housing price levels in bull markets such as the one Portland has been experiencing. This article presents an econometric analysis assessing these conflicting effects. We find the UGB has created upward pressure on housing prices, but the effect is relatively small in magnitude. (JEL R21, R52).

引用

页码：334 / 344

页数：11