The Geographic Determinants of Housing Supply
The Geographic Determinants of Housing Supply
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DOI：
10.1162/qjec.2010.125.3.1253
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发表时间：
2010-08
影响因子：
13.7
通讯作者：
Albert Saiz
中科院分区：
文献类型：
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作者：
Albert Saiz
我处理卫星生成的地形高程和水体存在的数据，以精确估计美国大都市地区可开发土地的数量。数据显示，住宅发展受到陡坡地形的影响。我还发现，大多数地区的住房供应被认为是缺乏弹性的严重土地限制其地理位置。从计量经济学的角度来看，供给弹性可以很好地描述为物理和监管约束的函数，而物理和监管约束又是价格和人口增长的内生因素。地理是美国同时期城市发展的一个关键因素。
I process satellite-generated data on terrain elevation and presence of water bodies to precisely estimate the amount of developable land in U.S. metropolitan areas. The data show that residential development is effectively curtailed by the presence of steep-sloped terrain. I also find that most areas in which housing supply is regarded as inelastic are severely land-constrained by their geography. Econometrically, supply elasticities can be well characterized as functions of both physical and regulatory constraints, which in turn are endogenous to prices and demographic growth. Geography is a key factor in the contemporaneous urban development of the United States.