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

29 Pages Posted: 2 May 2011

See all articles by Siqi Zheng

Siqi Zheng

Hang Lung Center for Real Estate, Tsinghua University

Matthew E. Kahn

University of Southern California; National Bureau of Economic Research (NBER)

Multiple version iconThere are 3 versions of this paper

Date Written: April 2011

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.

Suggested Citation

Zheng, Siqi and Kahn, Matthew E., Does Government Investment in Local Public Goods Spur Gentrification? Evidence from Beijing (April 2011). NBER Working Paper No. w17002. Available at SSRN: https://ssrn.com/abstract=1825783

Siqi Zheng (Contact Author)

Hang Lung Center for Real Estate, Tsinghua University ( email )

HeShanHeng Building
Beijing, 100084
China

HOME PAGE: http://www.siqizheng.cn

Matthew E. Kahn

University of Southern California ( email )

2250 Alcazar Street
Los Angeles, CA 90089
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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