The Value of Land Use Patterns and Preservation Policies
dc.contributor.author | Heintzelman, Martin | |
dc.contributor.advisor | Moore, Michael | |
dc.date.accessioned | 2010-04-19T14:59:45Z | |
dc.date.available | NO_RESTRICTION | en_US |
dc.date.available | 2010-04-19T14:59:45Z | |
dc.date.issued | 2010-04 | |
dc.date.submitted | 2010-04 | |
dc.identifier.uri | https://hdl.handle.net/2027.42/69227 | |
dc.description.abstract | In many communities, land-use and open-space preservation have become important concerns. Using a large dataset containing every home sale in the state of Massachusetts over 8 years, this paper simultaneously measures the impact of the mix of land-uses in the immediate neighborhood of a home on property values and the impact of a locallyimplemented program, the Community Preservation Act (CPA), which provides funds for local open-space and historic preservation as well as a ordable housing. I exploit the panel nature of the dataset to conduct a di erence-in-di erences analysis using local as well as house level xed e ects to overcome omitted variables bias. My results indicate that, on average, passage of the CPA reduces property values by about 1.5% in Massachusetts towns. However, when I allow the CPA e ect to di er by county, I nd some heterogeneity - it increases property values in some communities and reduces them in others. Variation in local spending priorities appears to have little impact on property values or the e ect of the CPA. Finally, I nd that cropland and pasture, as well as low-density residential development, are the most preferred local land-uses, and that homes are more expensive as one increases distance to highways and active rail lines. | en_US |
dc.format.extent | 946008 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.subject | Land Use | en_US |
dc.subject | Open-space Preservation | en_US |
dc.subject | Community Preservation Act | en_US |
dc.subject | Housing | en_US |
dc.title | The Value of Land Use Patterns and Preservation Policies | en_US |
dc.type | Thesis | en_US |
dc.description.thesisdegreename | Master of Science (MS) | en_US |
dc.description.thesisdegreediscipline | Natural Resources and Environment | en_US |
dc.description.thesisdegreegrantor | University of Michigan | en_US |
dc.contributor.committeemember | Yaffee, Steven | |
dc.identifier.uniqname | mheintze | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/69227/1/heintzelman thesis.pdf | |
dc.owningcollname | Dissertations and Theses (Ph.D. and Master's) |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.