Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92961
Authors: 
Ahlfeldt, Gabriel M.
Maennig, Wolfgang
Richter, Felix J.
Year of Publication: 
2013
Series/Report no.: 
Hamburg Contemporary Economic Discussions 49
Abstract: 
Urban renewal areas are popular but empirically understudied spatial planning instruments designed to prevent urban decline and induce renewal. We use a quasi-experimental research design to study the effects of 22 renewal areas implemented in Berlin, Germany, to increase housing and living quality in the aftermath of the city's division during the Cold War period. Our results suggest that the policy has helped reduce (increase) the number of buildings in poor (good) condition by 25% (10%). Property prices increased at an annual rate of 0.4-1.7% according to our preferred estimates. Evidence is weak at best, however, for positive housing externalities. More generally, our findings indicate that the efficiency of program evaluations for place based -policies using quasi-experimental methods increases with the number of targeted areas and areas that provide the counterfactual.
Subjects: 
Urban
renewal
revitalization
redevelopment
hedonic regression
quasi-experiment
JEL: 
D62
H23
R21
R31
ISBN: 
978-3-942820-13-4
Document Type: 
Working Paper

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