 Evaluating the value of an entrepreneurial city with a spatial hedonic approach: A case study of LondonHiroki Nakamura Socio-Economic Planning Sciences, 2020, vol. 71, issue C Abstract: This study assesses the value of a city by using the housing price function with a geographically weighted regression model, including various social, economic, and environmental factors. To assess these values, various specific data scores—such as those related to ethnic groups, green areas, crime rates, education, unemployment rates, number of entrepreneurs, and environmental quality—were considered in a case study of London. The results indicate that some variables such as time to city center and entrepreneurship have a positive impact on the local areas’ value in London, as shown by housing prices, while those related to unemployment have a negative impact. Moreover, although the London city center has benefitted more in terms of value than its outskirts have, a few specific policies related to startups and entrepreneurship have succeeded in connecting these areas to existing companies and entrepreneurs. In general, large cities may be better equipped to promote such startup and entrepreneurship policies under local industry plans for future development. Keywords: Entrepreneurship; Land price function; Spatial hedonic approach; London (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:71:y:2020:i:c:s0038012118302003 DOI: 10.1016/j.seps.2020.100820 Access Statistics for this article Socio-Economic Planning Sciences is currently edited by Barnett R. Parker More articles in Socio-Economic Planning Sciences from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.