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Economic impacts of São Paulo downtown rehabilitation: a simplified approach with micro-foundations

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  • Ciro Biderman
  • Bruno Hermann
  • Fernando Cotelo

Abstract

Economic impacts of São Paulo downtown rehabilitation: a simplified approach with micro-foundations. Regional Studies. This paper evaluates the 2002 city proposal for renewing downtown São Paulo in Brazil. The model proposed estimates the impact on the composition of families by income strata and firms by industry if the proposal were actually implemented. Employment is key for downtown São Paulo because the deterioration of the area started when companies moved out, thereby reducing the incentive to live downtown. This paper contributes to the study of renovation programmes in terms of methodology, proposing a cost-effective strategy for forecasting fundamental variables and to the discussion of the future of downtown São Paulo, sharing characteristics with other cities.

Suggested Citation

  • Ciro Biderman & Bruno Hermann & Fernando Cotelo, 2017. "Economic impacts of São Paulo downtown rehabilitation: a simplified approach with micro-foundations," Regional Studies, Taylor & Francis Journals, vol. 51(9), pages 1362-1373, September.
    • Handle: RePEc:taf:regstd:v:51:y:2017:i:9:p:1362-1373
    DOI: 10.1080/00343404.2016.1188199
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