Vacation homes and regional economic development
Bibliographic Data
| ID | 10407147 |
|---|---|
| Authors | Nicholas Sheard (0000-0003-4936-5126, Centre of Policy Studies, Victoria University, Melbourne, VIC, Australia; and Department of Economics, Norwegian University of Science and Technology (NTNU), Trondheim, Norway., corresponding author) |
| Year | 2019 |
| Volume | 53 |
| Issue | 12 |
| Pages | 1696-1709 |
| Publication date | 2019-05-30 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Regional Studies (JOURNAL) |
| Journal identifiers | ISSN: 0034-3404 • E-ISSN: 1360-0591 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/00343404.2019.1605440 |
| OpenAlex | W2947679991 |
| Language | EN |
| Citations received | 8 |
| References cited | 20 |
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
Economic growth · Economics · Market economy · Norwegian · Political science · Population · Product (mathematics · Regional Policy · Sociology · Welfare · Demography · Migration, Aging, and Tourism Studies · Regional Development and Policy · Regional Economics and Spatial Analysis
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| Unique citing works | 8 |
|---|---|
| Citations per year | 1,6 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 8 |