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Anything new in town? The local effects of Urban Regeneration Policies in Italy

Giuseppe Albanese (), Emanuele Ciani () and Guido de Blasio ()
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Emanuele Ciani: Bank of Italy

No 1214, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The paper estimates the local effects of urban regeneration policies by using evidence from interventions that took place in small and medium-sized cities in the Centre and North of Italy over the period 2008-12. By using an Oaxaca-Blinder reweighting estimator, we find little support for the idea that urban regeneration projects could stimulate local economic growth in the short to medium term. Only the largest scale interventions that focused on improving the public realm seem to have led to an increase in house prices, but they have had no impact on other economic outcomes.

Keywords: urban regeneration; house prices; reweighting (search for similar items in EconPapers)
JEL-codes: R58 R11 O18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo, nep-lma and nep-ure
Date: 2019-04
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_1214_19

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