The external effects of inner‐city shopping centers: Evidence from the Netherlands
研究了荷兰购物中心改造对周边住宅价格的正面影响，发现房价平均上涨1.43%，但效应在空间和时间上衰减较快，对缓解社区贫困作用有限。
Abstract 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.