Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/17429
Title: Intra-metropolitan Housing Supply Elasticity in Australia: A Spatial Analysis of Adelaide
Contributor(s): McLaughlin, R B (author); Sorensen, Anthony  (author)orcid ; Glavac, Sonya  (author)
Publication Date: 2013
Handle Link: https://hdl.handle.net/1959.11/17429
Abstract: This paper extends the work of McLaughlin (2011 and 2012) and Gitelman and Otto (2012) by estimating new housing supply within a single metropolitan area. Specifically, we estimate supply elasticity for local governments areas (LGAs) in Adelaide, South Australia between the years 2001 and 2010. In addition, we extend McLaughlin's and Gitelman and Otto's analyses by testing for the effects of geographical location, local resident income, land area, and spatial dependence on new housing supply. Based on implementation of an urban growth boundary by the State of South Australia, as well as resistance to new growth by local residents in Adelaide, we hypothesize LGAs with higher incomes, smaller land areas, central locations, and adjacent to LGAs with greater approvals to permit less new development and have lower supply elasticity. We employ the urban growth model of new housing supply developed by Mayer and Somerville (2000a and 2000b), and employed in Zabel and Patterson (2006) and McLaughlin (2011 and 2012), to estimate the elasticity of new housing supply within the Adelaide metropolitan area. Our findings suggest that the elasticity of new supply is between 10.8 and 12.2 over 10 quarters. Furthermore, we find that land area and proximity to the coast is positively correlated with new housing supply, while average income of an LGA's residents and level of building approval activity in neighboring LGAs is negatively correlated with new supply.
Publication Type: Conference Publication
Conference Name: State of Australian Cities (SOAC) National Conference, Sydney, Australia, 26th - 29th November, 2013
Conference Details: State of Australian Cities (SOAC) National Conference, Sydney, Australia, 26th - 29th November, 2013
Source of Publication: State of Australian Cities Conference 2013: Refereed Proceedings, p. 1-20
Publisher: State of Australian Cities Research Network
Place of Publication: Sydney, Australia
Field of Research (FOR): 160401 Economic Geography
Socio-Economic Outcome Codes: 970116 Expanding Knowledge through Studies of Human Society
Peer Reviewed: Yes
HERDC Category Description: E1 Refereed Scholarly Conference Publication
Other Links: http://www.soacconference.com.au/wp-content/uploads/2013/12/McLaughlin-Revised.pdf
Statistics to Oct 2018: Visitors: 786
Views: 792
Downloads: 1
Appears in Collections:Conference Publication

Files in This Item:
3 files
File Description SizeFormat 
Show full item record

Page view(s)

80
checked on May 3, 2019
Google Media

Google ScholarTM

Check


Items in Research UNE are protected by copyright, with all rights reserved, unless otherwise indicated.