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

Gabriel Ahlfeldt, Wolfgang Maennig and Felix J. Richter

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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.

Keywords: urban; renewal; revitalization; redevelopment; quasi-experiment; placed-based policy evaluation; real estate; Berlin (search for similar items in EconPapers)
JEL-codes: D62 H23 R21 R31 (search for similar items in EconPapers)
Date: 2017-01-01
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (28)

Published in Journal of Economic Geography, 1, January, 2017, 17(1), pp. 129-156. ISSN: 1468-2702

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Journal Article: Urban renewal after the Berlin Wall: a place-based policy evaluation (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:65329

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