The Impact of an Urban Growth Boundary on Land Development in Knox County, Tennessee: A Comparison of Two-Stage Probit Least Squares and Multilayer Neural Network Models
Seong-Hoon Cho (),
Olufemi A. Omitaomu,
Neelam C. Poudyal and
David B. Eastwood
Journal of Agricultural and Applied Economics, 2007, vol. 39, issue 3, 701-717
Abstract:
The impact of an urban growth boundary (UGB) on land development in Knox County, TN is estimated via two-stage probit and neural-network models. The insignificance of UGB variable in the two-stage probit model and more visible development patterns in the western part of Knoxville and the neighboring town of Farragut during the post-UGB period in both models suggest that the UGB has not curtailed urban sprawl. Although the network model is found to be a viable alternative to more conventional discrete choice approach for improving the predictability of land development, it is at the cost of evaluating marginal effects.
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:39:y:2007:i:03:p:701-717_02
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