Does Government Investment in Local Public Goods Spur Gentrification? Evidence from Beijing
AbstractIn Beijing, the metropolitan government has made enormous place based investments to increase green space and to improve public transit. We examine the gentrification consequences of such public investments. Using unique geocoded real estate and restaurant data, we document that the construction of the Olympic Village and two recent major subway systems have led to increased new housing supply in the vicinity of these areas, higher local prices and an increased quantity of nearby private chain restaurants.
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Bibliographic InfoArticle provided by American Real Estate and Urban Economics Association in its journal Real Estate Economics.
Volume (Year): 41 (2013)
Issue (Month): 1 (03)
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Other versions of this item:
- Siqi Zheng & Matthew E. Kahn, 2011. "Does Government Investment in Local Public Goods Spur Gentrification? Evidence from Beijing," NBER Working Papers 17002, National Bureau of Economic Research, Inc.
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Systems - - - Transportation: Demand, Supply, and Congestion
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Building Green Cities Using Public/Private Partnerships
by Matthew E. Kahn in Environmental and Urban Economics on 2012-01-28 16:28:00
- China's Future Green Cities
by Matthew E. Kahn in Environmental and Urban Economics on 2011-12-02 16:10:00
- Electric Vehicle Demand and Public Recharging Stations: Solving a "Catch-22"
by Matthew E. Kahn in Environmental and Urban Economics on 2012-03-24 16:34:00
- Urbanization and Economic Development
by Matthew E. Kahn in Environmental and Urban Economics on 2012-06-10 22:13:00
- Listen to a Podcast of the Nevada NPR Radio Show on Climate Change Adaptation for Southwest Cities
by Matthew Kahn in Environmental and Urban Economics on 2012-08-13 22:14:00
- Mega-Infrastructure Projects in LDC Cities
by Matthew E. Kahn in The Reality-Based Community on 2013-01-02 16:04:55
- High Speed Rail Versus Austerity
by Matthew E. Kahn in HBR Blog Network on 2013-04-08 12:00:55
- My Harvard Business Review Blog Piece on China's Bullet Trains and a History of My Economic Thought About China
by Matthew Kahn in Environmental and Urban Economics on 2013-04-08 15:50:00
- Exploring Green Cities in China
by Matthew Kahn in Urbanization Project on 2013-04-09 23:17:09
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