The contribution of economic science to brownfield redevelopment: a review

Joaquin Ameller, Jean-Daniel Rinaudo () and Corinne Merly ()
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Joaquin Ameller: BRGM - Bureau de Recherches Géologiques et Minières, ADEME - Agence de l'Environnement et de la Maîtrise de l'Énergie
Corinne Merly: BRGM - Bureau de Recherches Géologiques et Minières

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Abstract: Urban planners increasingly perceive Brownfield redevelopment (BFR) as a strategic priority. BFR not only allows suppressing some of the nuisances caused by derelict and contaminated lands, it also contributes to revitalizing dense urban areas and preventing the undesired effects of urban sprawl. This literature review paper analyses how economists have contributed to removing some of the barriers that prevent or restrict BFR. A first contribution was to demonstrate the economic benefits of BFR. Economists also contributed to the development of multidisciplinary decision support tools used to rank BFR projects in terms of long-term sustainability and social welfare. They also contributed to the design of institutional arrangements (including regulatory and economic instruments) that can facilitate the engagement of stakeholders in BFR projects. Our literature search combines the use of a standard and a systematic literature review to identify relevant papers scattered in very diversified publication outlets. We show that there is significant scope for better integration of economic analysis within the multidisciplinary mainstream of BFR literature, and provide pathways for future research.

Date: 2020-02-24
New Economics Papers: this item is included in nep-ppm and nep-ure
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Published in Integrated Environmental Assessment and Management, 2020, 16 (2), pp.184-196. ⟨10.1002/ieam.4233⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02532209

DOI: 10.1002/ieam.4233

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