Urban Growth Boundaries and their impact on land pricesBall, M., Cigdem, M., Taylor, E. and Wood, G., (2012) Urban Growth Boundaries and their impact on land prices. Working Papers in Real Estate & Planning. 08/12. Working Paper. University of Reading, Reading. pp31.
It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. Abstract/SummaryInvestigation of the effects of Urban Growth Boundaries (UGB) on land prices are restricted by a lack of good land market data. However, undeveloped land transactions at the urban fringe of the Melbourne metropolitan area in Australia are recorded in a data set that enables exploration of the impact of its UGB. Estimation can take account of endogeneity issues, while controlling for policy anticipation effects and other potential influences on land prices. OLS and instrumental variable estimates indicate that land prices rose substantially inside the UGB after its enactment in 2003 but did not rise much outside of it.
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