Housing Constraints and Spatial Misallocation: Comment
成果类型：
Article
署名作者：
Greaney, Brian
署名单位：
University of Washington; University of Washington Seattle
刊物名称：
AMERICAN ECONOMIC JOURNAL-MACROECONOMICS
ISSN/ISSBN：
1945-7707
DOI：
10.1257/mac.20230141
发表日期：
2026
关键词：
摘要：
Hsieh and Moretti (2019) find that relaxing land use regulations in three productive US cities would increase GDP by 3.7 percent. In this comment, I revisit their findings. I first attempt to replicate their result and find that their counterfactual would lower output. I document errors in their code that explain this discrepancy. I next show that the results of their model depend on the arbitrary choice of population unit. I propose a modification to their model that eliminates unit dependence. Their experiment raises output in the modified model, but the effect is two orders of magnitude smaller than what they report. (JEL E23, J24, J31, R23, R31)