Anything New in Town? The Local Effects of Urban Regeneration Policies in Italy

42 Pages Posted: 6 Aug 2019

Date Written: April 29, 2019

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

JEL Classification: R58, R11, O18

Suggested Citation

Albanese, Giuseppe and Ciani, Emanuele and de Blasio, Guido, Anything New in Town? The Local Effects of Urban Regeneration Policies in Italy (April 29, 2019). Bank of Italy Temi di Discussione (Working Paper) No. 1214, April 2019, Available at SSRN: https://ssrn.com/abstract=3432424 or http://dx.doi.org/10.2139/ssrn.3432424

Giuseppe Albanese

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Emanuele Ciani (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Guido De Blasio

Bank of Italy ( email )

Via Nazionale 91
00184 Roma
Italy

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
15
Abstract Views
173
PlumX Metrics