The stringency of urban regulation: evidence from Chile

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dc.contributor.advisorAsahi Kodama, Kenzo Javier
dc.contributor.advisorGil Mc Cawley, Diego
dc.contributor.advisorSilva, Hugo
dc.contributor.authorGonzález Ugalde, Laura
dc.contributor.otherPontificia Universidad Católica de Chile. Escuela de Gobierno
dc.date.accessioned2022-01-05T19:06:37Z
dc.date.available2022-01-05T16:06:00Z
dc.date.issued2021
dc.date.updated2021-12-30T01:37:51Z
dc.descriptionTesis (Master in Public Policy)--Pontificia Universidad Católica de Chile, 2021
dc.description.abstractThis work explores the stringency of urban regulation in the Greater Santiago area, measured as the elasticity between property prices and two regulatory variables: maximum allowed FAR and height. A high stringency reveals that regulated levels are far below free-market levels, while a low stringency indi- cates that the two values are closer. I use a rich panel dataset that contains different regulatory variables over time, at a territorially disaggregated level for an important part of the city. I join this database to used housing transaction prices between 2007 and 2018. My results show that the strigency is not statistically different from zero in Santiago. This indicates that construction levels are probably close to what would have been in the absence of regulation. Additionally, when I study heterogeneities within the city, I do not find the stringency changes with accessibility. However, I find that high socioeconomic neighborhoods and those with stricter baseline regulatory variables have higher levels of stringency, although the last is small in magnitude. These results, however, must be interpreted with caution, considering that the analysis is centered on used housing prices –assuming that all could be regarded as land for densification–and not only in land transactions.
dc.description.version2021-12-19
dc.format.extent39 páginas
dc.fuente.origenAutoarchivo
dc.identifier.doi10.7764/tesisUC/GOB/63114
dc.identifier.urihttps://do.org/10.7764/tesisUC/GOB/63114
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/63114
dc.information.autorucEscuela de gobierno ; Asahi Kodama, Kenzo Javier ; 0000-0001-7838-4647 ; 4661
dc.information.autorucEscuela de gobierno ; Gil Mc Cawley, Diego ; 0000-0002-1614-8099 ; 1081081
dc.information.autorucEscuela de gobierno ; González Ugalde, Laura ; S/I ; 1132087
dc.language.isoen
dc.nota.accesoContenido completo
dc.rightsacceso abierto
dc.subject.ddc320
dc.subject.deweyCiencias políticases_ES
dc.subject.otherComercio inmobiliarioes_ES
dc.subject.otherElasticidad (Economía)es_ES
dc.subject.otherVivienda - Precioses_ES
dc.subject.otherConstrucción de Viviendas - Control de Costoses_ES
dc.subject.otherConstrucción de Viviendas - Aspectos Económicos - Chilees_ES
dc.titleThe stringency of urban regulation: evidence from Chilees_ES
dc.typetesis de maestría
sipa.codpersvinculados4661
sipa.codpersvinculados1081081
sipa.codpersvinculados1132087
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3.28 Tesis Magíster