Estimating the effect of land use regulation on land price: At the kink point of building height limits in Fukuoka

Kentaro Nakajima and Keisuke Takano

Regional Science and Urban Economics, 2023, vol. 103, issue C

Abstract: This study estimates the effect of land use regulation on land price by exploiting the feature of building height limits of the aviation law in Fukuoka, Japan. The law limits the height of a building that is within 4000 meters of an airport to 54.1 m, but when the distance exceeds 4000 meters, the limits are relaxed. Exploiting this regulation feature, we estimate the effect of the regulation on land price using the regression kink design. We find that building height restriction has a significantly negative effect on land price and the magnitude of the effects depends on the stringency of regulation.

Keywords: Land use regulation; Land price; Building height limits (search for similar items in EconPapers)
JEL-codes: R28 R58 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S016604622300090X
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Estimating the Effect of Land Use Regulation on Land Price: At the kink point of building height limits in Fukuoka (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:103:y:2023:i:c:s016604622300090x

DOI: 10.1016/j.regsciurbeco.2023.103955

Access Statistics for this article

Regional Science and Urban Economics is currently edited by D.P McMillen and Y. Zenou

More articles in Regional Science and Urban Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().