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Retail shocks and city structure

Sanchez-Vidal, Maria (2019) Retail shocks and city structure. CEP Discussion Papers. Centre for Economic Performance, LSE, London, UK.

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Abstract

This paper evaluates the consequences of opening out-of-town big-boxes on the commercial structure of cities. I use a discontinuity in a commercial regulation in Spain that restricts the entry of big-box stores in municipalities of less than 10,000 inhabitants for the period 2003 to 2011. I then use this discontinuity as an instrument for the big-box opening. The results show that three years after the big-box opening, around 15% of the grocery stores in the municipality have disappeared. However, some of the empty commercial premises are taken by other new small retailers in other sectors. As a result, the total number of retail stores in the municipality remains unchanged. These results show that a retail shock in the suburbs does not necessarily empty the city center but can also change only the composition of its commercial activity.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk/_new/publications/series.asp?...
Additional Information: © 2019 The Author
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HF Commerce
JEL classification: J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J22 - Time Allocation and Labor Supply
L - Industrial Organization > L8 - Industry Studies: Services > L81 - Retail and Wholesale Trade; Warehousing; e-Commerce
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R10 - General
Date Deposited: 17 Feb 2020 11:09
Last Modified: 12 Sep 2020 23:14
URI: http://eprints.lse.ac.uk/id/eprint/103394

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