{"title":"Economic Impact of Smart City Investment: Evidence from the Smart Columbus Projects","authors":"Zhenhua Chen, Junmei Cheng","doi":"10.1177/0739456x221129173","DOIUrl":null,"url":null,"abstract":"We introduced a research framework for the economic impact assessment of smart city investment using a computable general equilibrium model. Smart Columbus, the first smart city initiative funded by the U.S. federal government to improve urban mobility in central Ohio, was adopted as a case study. The analysis shows that smart city investment has varying effects on the local economy during the construction and operational phases. In addition, the results of distributional impacts on household income suggest that social equity should be given more attention in future planning and decision-making on smart city development, both in Columbus and beyond.","PeriodicalId":16793,"journal":{"name":"Journal of Planning Education and Research","volume":" ","pages":""},"PeriodicalIF":2.8000,"publicationDate":"2022-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Planning Education and Research","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1177/0739456x221129173","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"REGIONAL & URBAN PLANNING","Score":null,"Total":0}
引用次数: 1
Abstract
We introduced a research framework for the economic impact assessment of smart city investment using a computable general equilibrium model. Smart Columbus, the first smart city initiative funded by the U.S. federal government to improve urban mobility in central Ohio, was adopted as a case study. The analysis shows that smart city investment has varying effects on the local economy during the construction and operational phases. In addition, the results of distributional impacts on household income suggest that social equity should be given more attention in future planning and decision-making on smart city development, both in Columbus and beyond.
期刊介绍:
The Journal of Planning Education and Research (JPER) is a forum for planning educators and scholars (from both academia and practice) to present results from teaching and research that advance the profession and improve planning practice. JPER is the official journal of the Association of Collegiate Schools of Planning (ACSP) and the journal of record for North American planning scholarship. Aimed at scholars and educators in urban and regional planning, political science, policy analysis, urban geography, economics, and sociology, JPER presents the most vital contemporary trends and issues in planning theory, practice, and pedagogy.