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Is planning delay really a constraint in the provision of housing? Some evidence from Israel.
- Source :
-
Papers in Regional Science . Oct2019, Vol. 98 Issue 5, p2179-2200. 22p. 8 Charts, 5 Graphs, 1 Map. - Publication Year :
- 2019
-
Abstract
- This paper revisits the claim that a causal link exists between the inflexibility of land‐use planning and low elasticity of housing supply. A theoretical model of factors impacting district‐level planning is presented alongside a model of the impact of planning delay on housing supply. The models are estimated for the Tel Aviv district using detailed data covering a 12‐year period. Results show significant impacts on planning delay due to plan, municipality and district planning commission characteristics. House prices exert a positive effect on planning speed and municipal funding acts as a supply constraint. While planning delay does not impact housing supply, delay uncertainty has a negative impact and acts as a constraint. [ABSTRACT FROM AUTHOR]
- Subjects :
- *URBAN planning
*HOME prices
Subjects
Details
- Language :
- English
- ISSN :
- 10568190
- Volume :
- 98
- Issue :
- 5
- Database :
- Academic Search Index
- Journal :
- Papers in Regional Science
- Publication Type :
- Academic Journal
- Accession number :
- 139102465
- Full Text :
- https://doi.org/10.1111/pirs.12440