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.
| Original language | English |
|---|---|
| Pages (from-to) | 2179-2200 |
| Number of pages | 22 |
| Journal | Papers in Regional Science |
| Volume | 98 |
| Issue number | 5 |
| DOIs | |
| State | Published - 1 Oct 2019 |
Keywords
- Israeli housing market
- housing supply
- land-Use planning
- spatial econometrics
- zoning
All Science Journal Classification (ASJC) codes
- Environmental Science (miscellaneous)
- Geography, Planning and Development
