Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/79789 
Year of Publication: 
2013
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung - Session: Urban Economics II No. E10-V1
Publisher: 
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, Kiel und Hamburg
Abstract: 
Urban renewal areas are popular instruments in spatial planning to prevent urban decline and to induce urban renewal. 22 renewal areas were implemented in Berlin, Germany alone between 1993 and 1995, mainly to increase housing and living quality in the aftermath of the city s long division during the Cold War period. We use a quasi-experimental research design to study the long-run effects of these designations on property prices within and surrounding the renewal areas. While there is evidence for significant improvements in the quality of the housing stock and increases in property prices in the targeted areas, evidence is weak at best for positive housing externalities. Our results further indicate that fundamental location advantages increase the impact of the policy.
JEL: 
R12
R31
R58
Document Type: 
Conference Paper

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