行事案内

日時：2014年4月10日（木）13:00～14:30
場所：神戸大学自然科学総合研究棟3号館1階125講義室（地図URL：http://www.kobe-u.ac.jp/guid/access/rokko/rokkodai-dai2.html）
講演タイトル：Place-based policies and the housing market: Evidence from the Netherlands
講師：J.N. van Ommeren教授（アムステルダム自由大学，http://www.feweb.vu.nl/nl/afdelingen-en-instituten/spatial-economics/staff/j-ommeren/index.asp)
講演概要：
Abstract― We study the economic effects of place-based policies on the housing market. We develop a two-neighbourhood housing market matching model that incorporates search frictions and analyse the effect of an amenity-improving policy. It is shown that the positive effect of this policy on house prices is mitigated by a reduction in search frictions. The model also predicts that sales time of houses only temporarily decrease. We use a Dutch nationwide dataset with repeated sales to test these predictions for policies that aim to improve 83 impoverished neighbourhoods. We combine a first-difference approach with a (fuzzy) regression-discontinuity design to take into account that a neighbourhood's treatment probability is endogenous. House prices have increased with 2.5-4.0 percent and this effect seems to be permanent. It is shown that, on average, the sales time is reduced with 16-26 days (15-25 percent), but this effect is temporary. Our results suggest a positive net return on investment. 参加自由（無料）
言語：英語
問い合わせ先：神戸大学・織田澤（ota@opal.kobe-u.ac.jp）