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。.
Keywords: building investment; industrial sites; planning intervention; regeneration; restrictiveness.