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作者

Nestor Garza;Rafael Tovar;Yesenia Barandica

来源

HABITAT INTERNATIONAL,Vol.100,P.102158

语言

英文

关键字

Urban regulation;Land prices;Colombia;Barranquilla;Spatial analysis;Latin American Cities

作者单位

California State University Dominguez Hills, USA;Universidad del Norte, Barranquilla, Colombia;Universidad Libre, Barranquilla, Colombia;California State University Dominguez Hills, USA;Universidad del Norte, Barranquilla, Colombia;Universidad Libre, Barranquilla, Colombia

摘要

We develop and test a demand-side theory of the effect of regulation on land prices, where regulation determines higher urban environment quality by city sections. Our theory opposes supply-side neoclassical models where regulation increases prices due to limiting the supply of built environment. Our tests use a spatial panel database of Barranquilla (Colombia) 1993–2018, including its three master plans during that period: 1993, 2000 and 2012. This structure allows us to transcend traditional analyses about the effect of ‘levels of regulation’, and into the more comprehensive effect of ‘changes in regulation’. We find that Minimum Lot Front and FAR regulation behave according to our theory, while Architectural/Historical Conservation does so in the supply-side neoclassical fashion.