Keeping Up Appearances: Spatial Spillovers and Housing Renovations

Document Type

Article

Publication Date

5-18-2019

Publication Title

Papers in Regional Science

First page number:

1

Last page number:

19

Abstract

Spatial spillovers from renovations can bolster urban redevelopment efforts by multiplying scarce city funds, creating a reinforcing feedback cycle of redevelopment. Using spatially explicit data on renovations from Baltimore, MD, we model the extent of spatial spillovers in housing renovations and estimate the effect of previous renovations on the likelihood to renovate while controlling for underlying spatial correlation. We find strong evidence of spatial spillovers with a neighbouring renovation increasing renovation likelihood by at least 1.8% These positive feedback cycles indicate the potential for significant private market multipliers from city‐led urban revitalization policies that encourage renovation.

Keywords

Renovations; Spatial Spillovers; Urban redevelopment

Disciplines

Economics | Inequality and Stratification | Social Psychology and Interaction

Language

English

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