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The Geographic Determinants of Housing Supply

Saiz, Albert

The Quarterly journal of economics, 2010-08, Vol.125 (3), p.1253-1296 [Periódico revisado por pares]

Oxford: MIT Press

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  • Título:
    The Geographic Determinants of Housing Supply
  • Autor: Saiz, Albert
  • Assuntos: Cities ; Econometrics ; Economic geography ; Economic theory ; Elasticity ; Geography ; Housing ; Housing supply ; Land development ; Land use ; Metropolitan areas ; Price elasticity of supply ; Regulation ; Studies ; Supply ; U.S.A ; Urban development ; Urban economics ; Zoning
  • É parte de: The Quarterly journal of economics, 2010-08, Vol.125 (3), p.1253-1296
  • Notas: ark:/67375/HXZ-KGVJXV0J-H
    istex:E1FD8A9BCF329E1096D83A66C8F73BE7CE3C8CE8
    Enestor Dos Santos and Blake Willmarth provided superb research assistance. The editor, three referees, Matt White, Joe Gyourko, Jeff Zabel, and participants at the 2008 ASSA, EEA, and NBER meetings provided helpful input. All errors are my sole responsibility. I gratefully acknowledge financial help from the Zell-Lurie Center Research Sponsors Fund.
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  • Descrição: 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.
  • Editor: Oxford: MIT Press
  • Idioma: Inglês
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