Does Government Investment in Local Public Goods Spur Gentrification? Evidence from Beijing

Siqi Zheng and Matthew Kahn

No 17002, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In Beijing, the metropolitan government has made enormous place based investments to increase green space and to improve public transit. We examine the gentrification consequences of such public investments. Using unique geocoded real estate and restaurant data, we document that the construction of the Olympic Village and two recent major subway systems have led to increased new housing supply in the vicinity of these areas, higher local prices and an increased quantity of nearby private chain restaurants.

JEL-codes: H41 Q51 R41 (search for similar items in EconPapers)
Date: 2011-04
New Economics Papers: this item is included in nep-dev, nep-pbe, nep-pub and nep-ure
Note: EEE PE
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Citations: View citations in EconPapers (4)

Published as Siqi Zheng & Matthew E. Kahn, 2013. "Does Government Investment in Local Public Goods Spur Gentrification? Evidence from Beijing," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 41(1), pages 1-28, 03.

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Journal Article: Does Government Investment in Local Public Goods Spur Gentrification? Evidence from Beijing (2013)
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