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There has been a growing research interest in measuring the impact of planning and land-use regulations on housing market outcomes, but parallel development of the evidence base for the business sector has yet to occur. This article examines the impact of planning intervention on the amount of building investment taking place at sites allocated for industrial and business development. Measures that capture different dimensions of planning intervention are incorporated into models of industrial building investment. The models are estimated using a novel micro dataset on permit activity that covers a sample of industrial and business sites in the Netherlands. The results provide evidence of some of the expected negative effects of the regulatory role of planning intervention, but also show that proactive, targeted planning policies exert a significant and positive influence on investment activity. Specifically, policy-induced improvements to the physical environment will stimulate both new construction and refurbishment activity.衡量规划和土地利用法规如何影响住房市场结果的研究日益增加，但对于它们如何影响商业地产，相关证据尚待发掘。本文考察了规划干预对工业和商业开发用地上建筑投资量的影响。我们在工业建筑投资模式中纳入了衡量规划干预不同维度的指标。我们针对荷兰的一组工业和商业用地样本，运用关于许可活动的一套新微观数据，对这些模式做了估测。结果证明，规划干预的管制作用产生了一些预期的负面影响，但也表明，主动、有针对性的规划政策对投资活动产生了重大而积极的影响。具体来说，由政策引入的物理环境改善会刺激新的建筑和翻新活动。.

Contains fulltext : 160476.pdf (Publisher’s version ) (Closed access) Local economic development is a much used tool for the regeneration of urban areas. Although the designation and effectiveness of local economic development policies has been studied extensively in existing literature, the question as to whether these policies are aimed at the areas that are most in need of these policies remains relatively understudied. This question has been answered using the case of industrial sites in the Netherlands. This particular type of urban area in the Netherlands has experienced problems with rapid urban area decline and has therefore been targeted by various area-based regeneration initiatives for many years. The economic performance is the main justification for the designation of industrial sites that are in greater need of regeneration. However, another pertinent and unanswered question is: are the industrial sites targeted for regeneration really the ones that underperform economically? (Multinomial) logistic regression analysis is used to answer this question. Differences in economic performance, measured by the growth in employment figures, the number of companies and property values, between industrial sites that are targeted for regeneration in two different rounds of regeneration initiatives and non-targeted sites are studied. The analysis shows that the differences in economic performance are negligible between these groups. It indicates that other criteria, such as political and strategic decision making influence policymakers’ decisions to target industrial sites for regeneration, thus making it at least doubtful that public money for the regeneration of industrial sites is being spent on what it is meant for. 16 september 2015

Most European countries have implemented some kind of land use planning based on exclusionary zoning principles to achieve spatial goals. This paper argues that, to reduce externality problems, regulatory planning is not always the best planning solution. Therefore, an alternative planning approach, which makes use of compensation rules, is suggested in this paper. This compensatory planning approach is based on property rights theory and refers to recent applications of this theory to planning practice. To illustrate the usefulness of such an approach, it is applied to the planning of out-of-town retail development in The Netherlands. The paper aims to demonstrate how deficiencies in the property rights regime can be repaired to deal with externality problems, achieving a more socially acceptable outcome of out-of-town retail development. The paper concludes with a discussion of the value of spontaneous order solutions for planning practice, by introducing four pragmatic rules on how to choose between different types of government interventions.

In this article a theoretical framework will be presented to aid understanding of the functioning of property markets, more particularly the Dutch property market. It will be argued that traditional urban economic theories are not able to explain the structure and processes of the built environment. In the Dutch case, we are confronted with two problems; first, to find a way in which urban economic theories, designed for a context of cities in Great Britain and the US, can be used to explain urban development that takes place in the different context of Dutch cities; and, secondly, to formulate a set of hypotheses appropriate for the Dutch property market. The hypotheses concern the strategies of individual actors on the property market and the underlying factors. It is concluded that, in general, the relation between institutional structure and property development has been neglected both because of insufficient attention from economic scientists, and because empirical research is very complicated.