Tagged: urban economics

Local regs, macro effects - The Dismal Science

Eric Crampton Jun 16, 2015

What's the cost of bad urban planning policies? About 9.5% of GDP as a first cut, according to new work by Chang-Tai Hsieh and Enrico Moretti at NBER.What's the mechanism? When productive cities make it hard to accommodate new workers, whether because of restrictive zoning downtown preventing densification or restrictions on the urban fringe, workers who could otherwise be … Read More

Blueprint for failure - The Dismal Science

Eric Crampton Jan 07, 2014

I really really hope that the Christchurch Press's John McCrone is writing a book on the Christchurch rebuild. This weekend's installment in the Mainlander section, not online other than via PressDisplay, is must-read. [Update: Jack, in comments, points me to a now-ungated version.]McCrone uses the EPIC technology hub as exemplar of how government is blocking the rebuild. Recall that … Read More

Costs and (or lack of) benefits of transport projects - The Dismal Science

William Taylor Sep 10, 2013

Auckland Transport Blog have put up a post today discussing the costs and benefits of the planned transport projects in Auckland that the government is backing. I’ll discuss that in a second, but first there is something I want to get off my back regarding the assessment of transport projects. BCR ratios (aka CBA by […] … Read More

Housing daily: LVR, NIMBYs, and congestion charging - The Dismal Science

Eric Crampton Jul 16, 2013

The RBNZ will soon announce its Loan-to-Value rules. Matt Nolan makes a few reasonable points (all my paraphrasing):If the policy is targeted at financial stability, then it has to bite on high-leverage first home loans as those are the most likely to wind up in positions of default.  I'm still a bit sceptical here as the OBR rules mean … Read More

Bland by design - The Dismal Science

Eric Crampton Jul 11, 2013

I could grok changed building rules in Christchurch post-quake. Earthquake and liquifaction changed what we might want from foundations. But the percentage of building frontage that must be in windows, no matter what? That car parking be hidden? For example, the rules requiring buildings facing a road or public space to be between 60 and 90 per cent windows … Read More

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