期刊名称：HIER Discussion Paper Series / Harvard Institute of Economic Research
出版年度：2005
卷号：2005
出版社：Harvard Institute of Economic Research
摘要：Cities are physical structures, but the modern literature on urban economic
development rarely acknowledges that fact. The elasticity of housing supply
helps determine the extent to which increases in productivity will create bigger
cities or just higher paid workers and more expensive homes. In this paper, we
present a simple model that provides a framework for doing empirical work that
integrates the heterogeneity of housing supply into urban development. Empirical
analysis yields results consistent with the implications of the model that
differences in the nature of house supply across space are not only responsible
for higher housing prices, but also affect how cities respond to increases in
productivity.
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