文档介绍：毕业论文外文翻译
外文题目:The Causes and Consequences of Land Use Regulation: Evidence from Greater Boston
出处: NBER Working Paper Issued in October 2006
作者: Edward L. Glaeser, Bryce A. Ward
Abstract
Over the past 30 years, eastern Massachusetts has seen a bination of rising home prices and declining supply of new homes. The reductions in new supply don't appear to reflect a real lack of land, but instead reflect a response to man-made restrictions on development. In this paper, we examine the land-use regulations in greater Boston. There has been a large increase in the number of new regulations, which differ widely over space. Few variables, other than historical density and abundant recreational water, reliably predict these regulations. High lot sizes and other regulations are associated with less construction. The regulations boost prices by decreasing density, but density levels seem far too low to maximize total land value.
I. Introduction
Over the past 25 years, many . cities have experienced a bination of increases in housing prices and decreases in new construction (Glaeser, Gyourko and Saks, 2005). Boston is an extreme example of this phenomenon. Its prices have risen dramatically. Table 1 shows that based on Office of Federal Housing Enterprise Oversight (OFHEO) repeat sales indices, three of the four metropolitan subdivisions with the greatest price app