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Urban renewal after the Berlin wall

Ahfeldt, Gabriel M., Richter, Felix J. and Maennig, Wolfgang (2013) Urban renewal after the Berlin wall. SERC Discussion Papers (SERCDP0151). The London School of Economics and Political Science ,SERC Discussion Paper, London, UK.

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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.

Item Type: Monograph (Discussion Paper)
Official URL: http://rlab.lse.ac.uk/_new/publications/abstract.a...
Additional Information: © 2013 The Authors
Divisions: Spatial Economics Research Centre
Subjects: H Social Sciences > HB Economic Theory
Sets: Research centres and groups > Spatial Economics Research Centre
Date Deposited: 27 Aug 2014 11:13
Last Modified: 05 Oct 2019 23:25
Funders: Economic and Social Research Council, Department for Business, Innovation and Skills (BIS), Department for Communities and Local Government (CLG), Welsh Government
URI: http://eprints.lse.ac.uk/id/eprint/59243

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