RT Journal Article
SR Electronic
T1 The Effect of Downzoning for Managing Residential Development and Density
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 220
OP 236
DO 10.3368/le.92.2.220
VO 92
IS 2
A1 Newburn, David A.
A1 Ferris, Jeffrey S.
YR 2016
UL http://le.uwpress.org/content/92/2/220.abstract
AB This study analyzes the effect of a downzoning policy on both the probability and the density of residential development using a difference-in-differences (DID) approach. Spatially explicit panel data on subdivisions are exploited to estimate average treatment effects for downzoned areas. Our results indicate that although downzoning does not significantly alter the probability of development, it does strongly affect the density of development. The DID model results suggest that the lower probability of development in agricultural zoning relative to the urban residential control area is not attributable to downzoning but rather to baseline differences that exist prior to policy adoption. (JEL Q24, R52)