A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Vacation homes and regional economic development
This paper studies the relationship between vacation homes and regional development. Vacation homes are often in peripheral regions with relatively low standards of living. Seasonal residents contribute income to these areas but make local housing costlier and may have negative effects on local housing, labour, and product markets. The paper introduces a model that demonstrates how demand for housing from seasonal residents affects the welfare of local residents. It then studies the effects of a Norwegian policy that obliges homeowners in certain municipalities to reside on their properties. The policy is shown to increase local population, employment, wages and house prices.
Vacation homes and regional economic development
This paper studies the relationship between vacation homes and regional development. Vacation homes are often in peripheral regions with relatively low standards of living. Seasonal residents contribute income to these areas but make local housing costlier and may have negative effects on local housing, labour, and product markets. The paper introduces a model that demonstrates how demand for housing from seasonal residents affects the welfare of local residents. It then studies the effects of a Norwegian policy that obliges homeowners in certain municipalities to reside on their properties. The policy is shown to increase local population, employment, wages and house prices.
Vacation homes and regional economic development
Sheard, Nicholas (author)
Regional Studies ; 53 ; 1696-1709
2019-12-02
14 pages
Article (Journal)
Electronic Resource
Unknown
regional growth , regional policy , residency requirement , seasonal housing , vacation homes , R11 , R23 , R31 , R58
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