Economics

Spatially delineated public goods and spatially located public bads: A hedonic approach to measuring urban revitalization

Document Type

Conference Paper

Abstract

A regression discontinuity approach is used to measure the impact of public-goods creating programs in a declining inner city neighborhood of Worcester Massachusetts. Using GIS data, we develop a hedonic model of residential sales, using a parcel-level GIS tax assessment and land use database linked to property sales data for the years 1988 through 2007, to test the effect of the creation of a new high-performing public school, as well as other iocational amenities and disamenities on neighborhood housing prices, by comparing properties adjacent to either side of the school catchment area boundary. © 2011 Northeastern Agricultural and Resource Economics Association.

Publication Title

Agricultural and Resource Economics Review

Publication Date

2011

Volume

40

Issue

3

First Page

360

Last Page

374

ISSN

1068-2805

DOI

10.1017/S1068280500002835

Keywords

regression discontinuity, spatial hedonic model, urban revitalization

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