TY - JOUR
T1 - Exciting, boring, and nonexistent skylines
T2 - Vertical building gaps in global perspective
AU - Barr, Jason
AU - Jedwab, Remi
N1 - Funding Information:
We thank Daniel McMillen, two anonymous referees, Oliver Harman, Megha Mukim, Mark Roberts, Tony Venables, and seminar audiences at Oxford, The World Bank, and Colby College and The World Bank. Remi Jedwab gratefully acknowledges financial support from the International Growth Center (X XX‐2018; “Gauging the Impact of Land‐Use Regulation in Developing Countries”) and The World Bank (Name of unit: Office of the SD Chief Economist; Urban, DRM, Resilience and Land Global Practice ‐ Office of Global Director Sustainable Development Practice Group. Project: Flagship Report on Making Cities Green, Resilient and Inclusive [P177249]. TTLs: Mark Roberts and Megha Mukim). The findings, interpretations, and conclusions expressed in this article are entirely those of the authors. They do not necessarily represent the views of the World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.
Publisher Copyright:
© 2023 The Authors. Real Estate Economics published by Wiley Periodicals LLC on behalf of American Real Estate and Urban Economics Association.
PY - 2023
Y1 - 2023
N2 - Despite the widespread prevalence and economic importance of tall buildings, little is known about how their patterns vary across space and time. We aim to quantify differences across major world regions over time (1950–2020). To do so, we exploit novel data on the location, height (above 55 m), and year of construction of nearly all tall buildings in the world. We propose a new methodology to estimate the extent to which some world regions build up more than others given similar economic and geographic conditions, city size distributions, and other features. Our analyses reveal that many skylines may visually appear more prominent than they really are once one includes all tall buildings and core controls, which alters how regions are ranked in terms of tall building stocks. Using results by city size, centrality, height of buildings, and building function, we classify world regions into different groups, finding that tall building stocks are likely driven by boring skylines of residential high-rises, and to a lesser extent exciting skylines of skyscrapers and office towers. Finally, land-use regulations and preferences, not historical preservation nor dispersed ownership, may account for most observed differences.
AB - Despite the widespread prevalence and economic importance of tall buildings, little is known about how their patterns vary across space and time. We aim to quantify differences across major world regions over time (1950–2020). To do so, we exploit novel data on the location, height (above 55 m), and year of construction of nearly all tall buildings in the world. We propose a new methodology to estimate the extent to which some world regions build up more than others given similar economic and geographic conditions, city size distributions, and other features. Our analyses reveal that many skylines may visually appear more prominent than they really are once one includes all tall buildings and core controls, which alters how regions are ranked in terms of tall building stocks. Using results by city size, centrality, height of buildings, and building function, we classify world regions into different groups, finding that tall building stocks are likely driven by boring skylines of residential high-rises, and to a lesser extent exciting skylines of skyscrapers and office towers. Finally, land-use regulations and preferences, not historical preservation nor dispersed ownership, may account for most observed differences.
KW - buildings heights
KW - global real estate
KW - housing supply
KW - skyscrapers
UR - http://www.scopus.com/inward/record.url?scp=85156249345&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85156249345&partnerID=8YFLogxK
U2 - 10.1111/1540-6229.12436
DO - 10.1111/1540-6229.12436
M3 - Article
AN - SCOPUS:85156249345
SN - 1080-8620
JO - Real Estate Economics
JF - Real Estate Economics
ER -