ESTIMACIONES DEL IMPACTO DEL LÍMITE DE CRECIMIENTO (ANILLO DE CONTENCIÓN) SOBRE LOS VALORES DEL SUELO EN EL NORTE DE HEREDIA, 1997-2007

Abstract

This paper seeks to quantify the causal impact of the growth boundary in northern 
Heredia. Using the gradient of prices and a model of difference-in-differences, we estimated
the differential in land value attributable to the impact of the regulation on the growth
limit for the 1997-2007 periods. This effect is manifested by a change in the slope of the
price gradient, indicating that the highest and the best use in the absence of regulation has
been restricted - which means that the regulation has been successful in reducing the level
of urban development in the protection zone.