Table 2.

Supply Effects of Greenbelts: Effects on Dwellings.

(Dependent variable: the number of dwellings in a postcode)
(1)(2)(3)(4)(5)(6)
PoissonPoissonPoissonPoissonPoissonPoisson
|$+$| ControlsGreenbeltsGreenbeltGreenbeltInside
and fixed effectsin 1973border < 2 kmborder < 1 kmgreenbelt areas
Share greenbelt land−0.4661***−0.6535***−1.1719***−1.0024***−0.9721***−1.0046***
(0.0159)(0.0142)(0.0255)(0.0177)(0.0185)(0.0349)
Area size of postcode (log)0.0486***0.1105***0.2726***0.2271***0.2265***0.1723***
(0.0034)(0.0026)(0.0070)(0.0046)(0.0050)(0.0096)
Distance to the city centreNoYesYesYesYesYes
Distance to the borderNoNoNoYesYesYes
Local authority fixed effectsNoYesYesYesYesYes
Number of observations1,309,6351,309,635250,671392,526255,86033,923
Bandwidth (km)|$\infty$||$\infty$||$\infty$|211
Pseudo-|$R^2$|0.01230.07640.1460.1150.1150.167
(Dependent variable: the number of dwellings in a postcode)
(1)(2)(3)(4)(5)(6)
PoissonPoissonPoissonPoissonPoissonPoisson
|$+$| ControlsGreenbeltsGreenbeltGreenbeltInside
and fixed effectsin 1973border < 2 kmborder < 1 kmgreenbelt areas
Share greenbelt land−0.4661***−0.6535***−1.1719***−1.0024***−0.9721***−1.0046***
(0.0159)(0.0142)(0.0255)(0.0177)(0.0185)(0.0349)
Area size of postcode (log)0.0486***0.1105***0.2726***0.2271***0.2265***0.1723***
(0.0034)(0.0026)(0.0070)(0.0046)(0.0050)(0.0096)
Distance to the city centreNoYesYesYesYesYes
Distance to the borderNoNoNoYesYesYes
Local authority fixed effectsNoYesYesYesYesYes
Number of observations1,309,6351,309,635250,671392,526255,86033,923
Bandwidth (km)|$\infty$||$\infty$||$\infty$|211
Pseudo-|$R^2$|0.01230.07640.1460.1150.1150.167

Notes: Distance to the city centre refers to a linear, squared and cubic term of distance to the nearest city centre. Distance to the border refers to a linear and squared term of distance to the nearest greenbelt border on either side of the greenbelt border. Column (3) includes observations in areas that are in greenbelts that were approved or considered in 1973. In columns (4) I include transactions that are within 2 km of a greenbelt border, which is reduced to 1 km in columns (5) and (6). In column (6) I only include postcodes in greenbelt areas. SEs are clustered at the MSOA level and in parentheses. *** |$p\lt 0.01$|⁠.

Table 2.

Supply Effects of Greenbelts: Effects on Dwellings.

(Dependent variable: the number of dwellings in a postcode)
(1)(2)(3)(4)(5)(6)
PoissonPoissonPoissonPoissonPoissonPoisson
|$+$| ControlsGreenbeltsGreenbeltGreenbeltInside
and fixed effectsin 1973border < 2 kmborder < 1 kmgreenbelt areas
Share greenbelt land−0.4661***−0.6535***−1.1719***−1.0024***−0.9721***−1.0046***
(0.0159)(0.0142)(0.0255)(0.0177)(0.0185)(0.0349)
Area size of postcode (log)0.0486***0.1105***0.2726***0.2271***0.2265***0.1723***
(0.0034)(0.0026)(0.0070)(0.0046)(0.0050)(0.0096)
Distance to the city centreNoYesYesYesYesYes
Distance to the borderNoNoNoYesYesYes
Local authority fixed effectsNoYesYesYesYesYes
Number of observations1,309,6351,309,635250,671392,526255,86033,923
Bandwidth (km)|$\infty$||$\infty$||$\infty$|211
Pseudo-|$R^2$|0.01230.07640.1460.1150.1150.167
(Dependent variable: the number of dwellings in a postcode)
(1)(2)(3)(4)(5)(6)
PoissonPoissonPoissonPoissonPoissonPoisson
|$+$| ControlsGreenbeltsGreenbeltGreenbeltInside
and fixed effectsin 1973border < 2 kmborder < 1 kmgreenbelt areas
Share greenbelt land−0.4661***−0.6535***−1.1719***−1.0024***−0.9721***−1.0046***
(0.0159)(0.0142)(0.0255)(0.0177)(0.0185)(0.0349)
Area size of postcode (log)0.0486***0.1105***0.2726***0.2271***0.2265***0.1723***
(0.0034)(0.0026)(0.0070)(0.0046)(0.0050)(0.0096)
Distance to the city centreNoYesYesYesYesYes
Distance to the borderNoNoNoYesYesYes
Local authority fixed effectsNoYesYesYesYesYes
Number of observations1,309,6351,309,635250,671392,526255,86033,923
Bandwidth (km)|$\infty$||$\infty$||$\infty$|211
Pseudo-|$R^2$|0.01230.07640.1460.1150.1150.167

Notes: Distance to the city centre refers to a linear, squared and cubic term of distance to the nearest city centre. Distance to the border refers to a linear and squared term of distance to the nearest greenbelt border on either side of the greenbelt border. Column (3) includes observations in areas that are in greenbelts that were approved or considered in 1973. In columns (4) I include transactions that are within 2 km of a greenbelt border, which is reduced to 1 km in columns (5) and (6). In column (6) I only include postcodes in greenbelt areas. SEs are clustered at the MSOA level and in parentheses. *** |$p\lt 0.01$|⁠.

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