The external effects of inner-city shopping centers: Evidence from the Netherlands

Song Zhang*, Mark van Duijn, A. J. van der Vlist

*Bijbehorende auteur voor dit werk

OnderzoeksoutputAcademicpeer review

2 Citaten (Scopus)
86 Downloads (Pure)


Shopping center redevelopment is inevitable to remain attractive for consumers. In this paper, we investigate the external effects of shopping center redevelopment on nearby residential property prices. Using a difference-in-difference empirical framework, we find the redevelopment has positive external effects on nearby property prices. We find the price of a property located next to a redeveloped shopping center increases by 1.43% on average just after redevelopment. Our results indicate that these positive external effects wear off rather rapidly across space and over time. This suggests that shopping center redevelopment plays a substantial, but limited, role in combating neighborhood deprivation.

Originele taal-2English
Pagina's (van-tot)583-611
Aantal pagina's29
TijdschriftJournal of Regional Science
Nummer van het tijdschrift4
Vroegere onlinedatum9-nov-2019
StatusPublished - sep-2020

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