THE POLITICAL-ECONOMY OF GROWTH MANAGEMENT

In this article, the economic impact of local growth management policy is examined based upon a market model of local demand for growth. Thi s model provides the foundation for this inquiry and also a general th eoretical framework to integrate previous analysis of residential grow th and growth management with studies of economic development. The cor e assumption of this model is that local growth management actions hav e adverse consequences for economic growth, particularly for local hou sing markets. After reviewing the evidence regarding the economic cons equences of growth management, a pooled time series regression techniq ue was used to test this assumption by examining the effects of the im plementation of Florida's Growth Management Act (GMA) on residential h ousing development from 1986 to 1991. The results suggest a negative r elationship between growth management and development.