{"title":"LAND PRICES AND LANDSCAPE PRESERVATION RESTRICTION IN A METROPOLITAN AREA: THE CASE OF KYOTO CITY","authors":"Kazuhisa Matsui, M. Fukushige","doi":"10.1111/J.1467-940X.2012.00186.X","DOIUrl":null,"url":null,"abstract":"This paper provides an empirical analysis of the effect on land prices of the “New Landscape Preservation Policy” enacted in Kyoto City in 2007. The main feature of this policy is building height restrictions in the central part of the city. We use a hedonic approach and find there has been a rise in land prices around the central part of the city, similar to the simulation results of previous studies using computational general equilibrium models. There has also been a rise in land prices in the central part of the city, which differs from the findings of previous studies. Additionally, a negative macroshock on the entire city and a fall in land prices in the urban fringe area are observable.","PeriodicalId":39676,"journal":{"name":"Review of Urban and Regional Development Studies","volume":"24 1","pages":"17-34"},"PeriodicalIF":0.0000,"publicationDate":"2012-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/J.1467-940X.2012.00186.X","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Review of Urban and Regional Development Studies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1111/J.1467-940X.2012.00186.X","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 1
Abstract
This paper provides an empirical analysis of the effect on land prices of the “New Landscape Preservation Policy” enacted in Kyoto City in 2007. The main feature of this policy is building height restrictions in the central part of the city. We use a hedonic approach and find there has been a rise in land prices around the central part of the city, similar to the simulation results of previous studies using computational general equilibrium models. There has also been a rise in land prices in the central part of the city, which differs from the findings of previous studies. Additionally, a negative macroshock on the entire city and a fall in land prices in the urban fringe area are observable.
期刊介绍：
Review of Urban & Regional Development Studies (RURDS) focuses on issues of immediate practical interest to those involved in policy formation and implementation. Articles contain rigorous empirical analysis, with many emphasizing policy relevance and the operational aspects of the academic disciplines, while others focus on theoretical and methodological issues. Interdisciplinary and international in perspective, RURDS has a wide appeal: in addition to scholars, readership includes planners, engineers and managers in government, business and development agencies worldwide.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
