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

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Samenvatting

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
Volume60
Nummer van het tijdschrift4
Vroegere onlinedatum9-nov-2019
DOI's
StatusPublished - sep-2020

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