Urban renewal after the Berlin Wall: a place-based policy evaluation

Ahlfeldt, Gabriel M., Maennig, Wolfgang and Richter, Felix J. (2016) Urban renewal after the Berlin Wall: a place-based policy evaluation. Journal of Economic Geography . ISSN 1468-2702 (In Press)

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Abstract

We use a quasi-experimental research design to study the effects of a spatially targeted renewal policy implemented in Berlin, Germany, in the aftermath of the city’s division during the Cold War period. Our results suggest that over the course of 20 years the policy helped to reduce (increase) the propensity of build-ings being in poor (good) condition within the targeted areas by, on average, 1.2–3% (0.6–2.5%) per year. The estimated effects on property prices range from 0.1–2% per year. In each case, the lower-bound estimate is not statistically significant. We find little evidence of positive housing externalities or positive welfare ef-fects.

Item Type:	Article
Official URL:	http://joeg.oxfordjournals.org/
Additional Information:	© 2016 The Authors
Library of Congress subject classification:	H Social Sciences > HC Economic History and Conditions J Political Science > JS Local government Municipal government
Journal of Economic Literature Classification System:	D - Microeconomics > D6 - Welfare Economics > D62 - Externalities H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H23 - Externalities; Redistributive Effects; Environmental Taxes and Subsidies R - Urban, Rural, and Regional Economics > R2 - Household Analysis > R21 - Housing Demand R - Urban, Rural, and Regional Economics > R3 - Production Analysis and Firm Location > R31 - Housing Supply and Markets
Sets:	Departments > Geography and Environment
Date Deposited:	11 Feb 2016 11:42
URL:	http://eprints.lse.ac.uk/65329/

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