Historical Legacies and Urbanization: Evidence from Chinese Concessions

Gan Jin and Günther Schulze

No 10976, CESifo Working Paper Series from CESifo

Abstract: Can colonialism affect today’s urban outcomes? This paper examines the long-run impact of Concessions - foreign-run enclaves established in the late nineteenth century inside Chinese cities by European settlers for residence and investment purposes. They soon became the new economic hubs of their hosting cities. By using a unique dataset of geo-referenced apartment transactions and by employing a spatial regression dis-continuity approach to identify the causality, we find that apartments located inside historical Concession areas command a price premium of 17% compared to similar homes just outside of the Concession boundaries. We show that the long-run economic effect of Concessions may be explained by better access to urban facilities in these areas.

Keywords: colonialism; housing price; urbanization; persistence; China (search for similar items in EconPapers)
JEL-codes: N95 O18 O43 P48 R50 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-cna, nep-his and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: Historical Legacies and Urbanization: Evidence from Chinese Concessions (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_10976

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