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Identification of New Urban Centers by Using Taxonomic Methods

Author

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  • Makowska Anita

    (Wrocław University of Economics, Department of Financial Investments and Risk Management, Komandorska 118/120 Street, 53-345Wrocław)

Abstract

Research background: In recent years, the return of city and suburbs dwellers to city centers has been observed. This phenomenon is caused in particular by the growing costs of transport and time spent on commuting. From this point of view, it seems interesting to observe the prices of properties located in the suburbs in relation to the prices of properties located around city centers and to examine their similarity. The center, however, should not be identified solely as the Old Town but rather as a certain area in which the professional, cultural and private life of the citizens is concentrated.

Suggested Citation

  • Makowska Anita, 2019. "Identification of New Urban Centers by Using Taxonomic Methods," Folia Oeconomica Stetinensia, Sciendo, vol. 19(1), pages 56-72, June.
    • Handle: RePEc:vrs:foeste:v:19:y:2019:i:1:p:56-72:n:5
    DOI: 10.2478/foli-2019-0005
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    More about this item

    Keywords

    city center; urban center; real estate market; similarity; valuation;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory

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