Does Government Investment in Local Public Goods Spur Gentrification? Evidence from Beijing / Siqi Zheng, Matthew E. Kahn.

Format:

Book

Author/Creator:

Zheng, Siqi.

Contributor:

National Bureau of Economic Research.

Kahn, Matthew E.

Series:

Working Paper Series (National Bureau of Economic Research) no. w17002.

NBER working paper series no. w17002

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2011.

Summary:

In Beijing, the metropolitan government has made enormous place based investments to increase green space and to improve public transit. We examine the gentrification consequences of such public investments. Using unique geocoded real estate and restaurant data, we document that the construction of the Olympic Village and two recent major subway systems have led to increased new housing supply in the vicinity of these areas, higher local prices and an increased quantity of nearby private chain restaurants.

Notes:

Print version record

April 2011.