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Land use regulation and productivity - land matters: evidence from a UK supermarket chain

Cheshire, Paul, Hilber, Christian A. L. and Kaplanis, Ioannis (2014) Land use regulation and productivity - land matters: evidence from a UK supermarket chain. Journal of Economic Geography . ISSN 1468-2702 (In Press)

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Abstract

We use store-specific data for a UK supermarket chain to estimate the impact of planning on store output. Exploiting the variation in policies between England and other UK countries, we isolate the impact of Town Centre First (TCF) policies introduced in England. We find they directly reduced output by forcing stores onto less productive sites. We estimate TCF policies imposed a loss of output of 32 percent on a representative store opening after their rigorous implementation in 1996. Additionally, we show that, household numbers constant, more restrictive local authorities have fewer stores and lower chain sales within their areas.

Item Type: Article
Official URL: http://www.oxfordjournals.org/our_journals/jnlecg
Additional Information: © 2014 Oxford University Press
Library of Congress subject classification: H Social Sciences > HD Industries. Land use. Labor > HD100 Land Use
Sets: Departments > Geography and Environment
Research centres and groups > Spatial Economics Research Centre
Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 13 Mar 2014 09:33
URL: http://eprints.lse.ac.uk/56080/

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