Document Type
Article
Publication Date
5-18-2019
Publication Title
Papers in Regional Science
First page number:
2115
Last page number:
2134
Abstract
Spatial spillovers from renovations can bolster urban redevelopment efforts by multiplying scarce city funds, creating a reinforcing feedback cycle of redevelopment. Using spatially explicit data on renovations from Baltimore, MD, we model the extent of spatial spillovers in housing renovations and estimate the effect of previous renovations on the likelihood to renovate while controlling for underlying spatial correlation. We find strong evidence of spatial spillovers with a neighbouring renovation increasing renovation likelihood by at least 1.8% These positive feedback cycles indicate the potential for significant private market multipliers from city‐led urban revitalization policies that encourage renovation.
Keywords
Renovations; Spatial Spillovers; Urban redevelopment
Disciplines
Economics | Inequality and Stratification | Social Psychology and Interaction
File Format
File Size
937 KB
Language
English
Rights
IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Repository Citation
Irwin, N. B.
(2019).
Keeping Up Appearances: Spatial Spillovers and Housing Renovations.
Papers in Regional Science
2115-2134.
http://dx.doi.org/10.1111/pirs.12449
Included in
Economics Commons, Inequality and Stratification Commons, Social Psychology and Interaction Commons