Arbeitspapier

Cities without Skylines: Worldwide Building-Height Gaps and Their Implications

There is a large literature in the U.S. measuring the extent and stringency of land-use regulations in urban areas and how these regulations affect important outcomes such as housing prices and economic growth. This paper is the first to present an international measure of regulatory stringency by estimating what we call building-height gaps. Using a novel geospatialized data set on the year of construction and heights of tall buildings around the world, we compare the total height of a country’s actual stock of tall buildings to what the total height would have been if building-height regulations were relatively less stringent, based on parameters from a benchmark set of countries. We find that these gaps are larger for richer countries and for residential buildings rather than for commercial buildings. The building-heights gaps correlate strongly with other measures of land-use regulation and international measures of housing prices, sprawl, congestion and pollution. Taken together, the results suggest that stringent building-height regulations around the world might be imposing relatively large welfare losses.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 8511

Classification
Wirtschaft
Real Estate Markets, Spatial Production Analysis, and Firm Location: General
Regional Government Analysis: General
Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
Economywide Country Studies: General
Subject
international buildings heights
tall buildings
skyscrapers
land use regulations
housing supply
housing prices
sprawl
congestion
pollution

Event
Geistige Schöpfung
(who)
Jedwab, Remi
Barr, Jason
Brueckner, Jan K.
Event
Veröffentlichung
(who)
Center for Economic Studies and Ifo Institute (CESifo)
(where)
Munich
(when)
2020

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Jedwab, Remi
  • Barr, Jason
  • Brueckner, Jan K.
  • Center for Economic Studies and Ifo Institute (CESifo)

Time of origin

  • 2020

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