Old homes, externalities, and poor neighborhoods. A model of urban decline and renewal
Old homes, externalities, and poor neighborhoods. A model of urban decline and renewal
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DOI：
10.1016/j.jue.2007.06.003
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发表时间：
2008-05-01
影响因子：
6.3
通讯作者：
Rosenthal, Stuart S.
中科院分区：
文献类型：
--
作者：
Rosenthal, Stuart S.
本文研究了美国城市的衰退和更新，使用三个面板，在地理上一致的基础上，在较长的时间内遵循社区。研究结果表明，社区经济状况的变化是常见的，平均每十年约13%; 1950年研究的社区中，约有三分之二的社区在50年后的经济状况大不相同。面板单位根检验35 MSA表明，邻里的经济地位是一个平稳的过程，与长期运行的下降和更新的周期。在费城县，一个完整的周期似乎持续长达100年。老化的住房存量和重建促成了这些模式，与社会互动相关的地方外部性也是如此。低收入社区似乎对提供社会资本的个人的存在特别敏感。在地方一级推动变革的许多因素具有巨大的政策相关影响。(C)2007年爱思唯尔公司All rights reserved.
This paper investigates urban decline and renewal in the United States using three panels that follow neighborhoods on a geographically consistent basis over extended periods of time. Findings indicate that change in neighborhood economic status is common, averaging roughly 13 percent per decade; roughly two-thirds of neighborhoods studied in 1950 were of quite different economic status fifty years later. Panel unit root tests for 35 MSAs indicate that neighborhood economic status is a stationary process, consistent with long-running cycles of decline and renewal. In Philadelphia County, a complete cycle appears to last up to 100 years. Aging housing stocks and redevelopment contribute to these patterns, as do local externalities associated with social interactions. Lower-income neighborhoods appear to be especially sensitive to the presence of individuals that provide social capital. Many of the factors that drive change at the local level have large and policy relevant effects. (C) 2007 Elsevier Inc. All rights reserved.