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

Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)

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. * We revised this discussion paper with the new tile in October 2023. This paper was previously circulated under the title "Estimating the Impact of Land Use Regulation on Land Price: At the Kink Point of Building Height Limits in Fukuoka."

Pages: 36 pages
Date: 2021-10
New Economics Papers: this item is included in nep-agr and nep-ure
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Citations: View citations in EconPapers (1)

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https://www.rieti.go.jp/jp/publications/dp/21e088.pdf (application/pdf)

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Journal Article: Estimating the effect of land use regulation on land price: At the kink point of building height limits in Fukuoka (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:eti:dpaper:21088

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