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Does Compact City Policy Benefit Incumbent Retailers? Evidence from Toyama City (Japanese)

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  • IWATA Shinichiro
  • KONDO Keisuke

Abstract

This study evaluates the compact city policy of Toyama city, Japan, focusing on retail revitalization. To address future population aging and population decline, the "Toyama compact city model" aims at residential concentration in the city center and multiple areas in suburbs, with a public transport system that connects them. On the basis of the economics of density, retail revitalization is also expected from the residential and economic concentration in areas targeted by Act on Vitalization in City Center and Residential Promotion for Surrounding Public Transportation. Using matching estimation and difference-in-differences estimation with the panel data of incumbent retailers located in the targeted areas, which correspond to a treatment group, this study finds that the current framework of the "Toyama compact city model" does not produce the expected results for retail revitalization.

Suggested Citation

  • IWATA Shinichiro & KONDO Keisuke, 2019. "Does Compact City Policy Benefit Incumbent Retailers? Evidence from Toyama City (Japanese)," Discussion Papers (Japanese) 19069, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:rdpsjp:19069
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    File URL: https://www.rieti.go.jp/jp/publications/dp/19j069.pdf
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    Cited by:

    1. KONDO Keisuke & OKUBO Toshihiro, 2020. "The Revitalization of Shrinking Cities: Lessons from the Japanese Service Sector," Discussion papers 20050, Research Institute of Economy, Trade and Industry (RIETI).

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