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The value of historic district status 历史街区地位的价值
IF 2.9 2区 经济学
Regional Science and Urban Economics Pub Date : 2025-10-03 DOI: 10.1016/j.regsciurbeco.2025.104157
Carlianne Patrick
{"title":"The value of historic district status","authors":"Carlianne Patrick","doi":"10.1016/j.regsciurbeco.2025.104157","DOIUrl":"10.1016/j.regsciurbeco.2025.104157","url":null,"abstract":"<div><div>Comparing properties in districts listed on the National Register of Historic Places and in locally designated historic districts with those in properties proposed, eligible but not designated districts, this paper estimates the differential effect on housing values of National Register and local historic district status while explicitly considering the effects of overlapping designations. Results indicate significant 9–12 % increases in property values after the district is listed on the National Register and substantial declines in prices from local district designation after accounting for their overlap with National Register districts. Sales volume increases after both types of designation. National Register listing is associated with more new construction and subdivision as well as an increase in construction financing for existing properties. Local designation is associated with more permitted renovations and less new construction and subdivision.</div></div>","PeriodicalId":48196,"journal":{"name":"Regional Science and Urban Economics","volume":"115 ","pages":"Article 104157"},"PeriodicalIF":2.9,"publicationDate":"2025-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145267253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Biodiversity and population density 生物多样性和人口密度
IF 2.9 2区 经济学
Regional Science and Urban Economics Pub Date : 2025-09-26 DOI: 10.1016/j.regsciurbeco.2025.104156
Jordi Jofre-Monseny
{"title":"Biodiversity and population density","authors":"Jordi Jofre-Monseny","doi":"10.1016/j.regsciurbeco.2025.104156","DOIUrl":"10.1016/j.regsciurbeco.2025.104156","url":null,"abstract":"<div><div>This paper estimates the effects of population density on biodiversity, with a focus on bird biodiversity in Spain. My estimates imply that a 1 percent increase in population density reduces the share of municipal area with high biodiversity value by between 0.1 % and 0.17 %. The estimates are robust to alternative specifications, identification strategies, and biodiversity measures. Land use changes are not the main mechanism at work, as biodiversity in densely populated areas is low across all land uses. In a counterfactual exercise, I find that moving people from rural to urban areas increases the overall area of high biodiversity value, as the gains in rural areas dominate the losses in cities.</div></div>","PeriodicalId":48196,"journal":{"name":"Regional Science and Urban Economics","volume":"115 ","pages":"Article 104156"},"PeriodicalIF":2.9,"publicationDate":"2025-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145220727","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Information technology and road safety 信息技术与道路安全
IF 2.9 2区 经济学
Regional Science and Urban Economics Pub Date : 2025-09-23 DOI: 10.1016/j.regsciurbeco.2025.104154
Lorien Sabatino, Giorgio Caramma
{"title":"Information technology and road safety","authors":"Lorien Sabatino,&nbsp;Giorgio Caramma","doi":"10.1016/j.regsciurbeco.2025.104154","DOIUrl":"10.1016/j.regsciurbeco.2025.104154","url":null,"abstract":"<div><div>In this paper, we study how information technology (IT) affects road safety through higher enforcement of traffic laws. Thanks to unique administrative geo-localized data on the universe of road accidents in a major Italian city, we assess the impact of IT on road safety within a quasi-random experiment that exploits the roll-out of intelligent red-light cameras in road intersections. Our findings suggest that IT-based enforcement significantly reduces accidents, both in the short and long run. The impact is extremely local, and it is not driven by displacement effects toward uncontrolled roads. Exploring potential mechanisms, we find that increased road safety can be explained by higher coordination: IT improves coordination among road users by restraining them toward more compliant behavior. In turn, this affects overall road safety. Finally, a simple cost–benefit analysis shows large revenues from ticketing for the local administration, as well as significant savings compared to police patrols.</div></div>","PeriodicalId":48196,"journal":{"name":"Regional Science and Urban Economics","volume":"115 ","pages":"Article 104154"},"PeriodicalIF":2.9,"publicationDate":"2025-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145158388","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The influence of intergovernmental transfers on local taxes: Evidence from Switzerland 政府间转移对地方税的影响：来自瑞士的证据
IF 2.9 2区 经济学
Regional Science and Urban Economics Pub Date : 2025-09-16 DOI: 10.1016/j.regsciurbeco.2025.104153
Nicola Mauri , Linus Peter
{"title":"The influence of intergovernmental transfers on local taxes: Evidence from Switzerland","authors":"Nicola Mauri ,&nbsp;Linus Peter","doi":"10.1016/j.regsciurbeco.2025.104153","DOIUrl":"10.1016/j.regsciurbeco.2025.104153","url":null,"abstract":"<div><div>This paper examines the income and substitution effects of intergovernmental transfers by analyzing a reform of the municipal-level transfer system in a Swiss canton. The reform modified transfer formulas, changing both the amounts received from several transfers and the contribution rate to a fiscal capacity equalization scheme. We exploit this quasi-experimental variation to separately identify income effects and the “incentive effect” of equalization transfers. Our results show that local taxes responded to changes in transfer sums, but not to changes in contribution rates — contrasting with previous studies that find positive tax responses to higher contribution rates at the local level.</div></div>","PeriodicalId":48196,"journal":{"name":"Regional Science and Urban Economics","volume":"115 ","pages":"Article 104153"},"PeriodicalIF":2.9,"publicationDate":"2025-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145106240","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Housing, mortgage recourse, and financial fragility 住房、抵押贷款追索权和金融脆弱性
IF 2.9 2区 经济学
Regional Science and Urban Economics Pub Date : 2025-09-16 DOI: 10.1016/j.regsciurbeco.2025.104140
Jiahong Gao , Robert R. Reed
{"title":"Housing, mortgage recourse, and financial fragility","authors":"Jiahong Gao ,&nbsp;Robert R. Reed","doi":"10.1016/j.regsciurbeco.2025.104140","DOIUrl":"10.1016/j.regsciurbeco.2025.104140","url":null,"abstract":"<div><div>During the Great Financial Crisis, there were significant numbers of mortgage defaults that took place. One explanation for this behavior was due to protections for mortgage borrowers across different states in the U.S. Further, the increased defaults contributed to instability in the financial system which also affected the willingness of banks to fund mortgages. How does the legal environment regarding mortgage default affect mortgage rates and access to housing? In particular, how does the impact depend on the degree of liquidity risk and the susceptibility of intermediaries to banking crises? We study these questions in a version of Diamond and Dybvig (1983) where banks with limited commitment issue mortgages through maturity transformation and can raise liquidity by selling loans on secondary markets. In turn, we also study how the legal landscape affects the stability of the banking system. Interestingly, banks are not necessarily less stable at lower penalties for default. In addition, regardless of the probability of a financial crisis, relatively high protections for borrowers maximize social welfare. That is, in general, a full-recourse policy is not optimal.</div></div>","PeriodicalId":48196,"journal":{"name":"Regional Science and Urban Economics","volume":"115 ","pages":"Article 104140"},"PeriodicalIF":2.9,"publicationDate":"2025-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145106241","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Structural transformation and the urban growth shadows: County-level evidence from China, 1990–2020 结构转型与城市增长阴影：1990-2020年中国县域证据
IF 2.9 2区 经济学
Regional Science and Urban Economics Pub Date : 2025-09-13 DOI: 10.1016/j.regsciurbeco.2025.104141
Enning Tang , Ming Gao , Wei You
{"title":"Structural transformation and the urban growth shadows: County-level evidence from China, 1990–2020","authors":"Enning Tang ,&nbsp;Ming Gao ,&nbsp;Wei You","doi":"10.1016/j.regsciurbeco.2025.104141","DOIUrl":"10.1016/j.regsciurbeco.2025.104141","url":null,"abstract":"<div><div>This paper investigates whether a location’s growth benefits or suffers from proximity to a big city and explores the underlying mechanisms. Using county-level data from China for 1990–2020, we find that an area’s being close to a big city (in the 150–250 km range) reduces its decadal population growth rate by 2.9–3.6 percentage points relative to areas beyond 250 km, which we call the urban growth shadow effect. Initial agricultural employment share has the strongest power to explain whether the negative effect exists. The mechanism is consistent with lower opportunity costs of migration for people employed in agriculture, yet contrasts with core–periphery models that give transport costs a central role. Notably, this effect exhibits a temporal trend. Over time, being proximate to a big city becomes increasingly beneficial.</div></div>","PeriodicalId":48196,"journal":{"name":"Regional Science and Urban Economics","volume":"115 ","pages":"Article 104141"},"PeriodicalIF":2.9,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145106242","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How local is local development? Evidence from casinos 地方发展有多本土化？来自赌场的证据
IF 2.9 2区 经济学
Regional Science and Urban Economics Pub Date : 2025-09-08 DOI: 10.1016/j.regsciurbeco.2025.104139
Ari Anisfeld , Jordan Rosenthal-Kay
{"title":"How local is local development? Evidence from casinos","authors":"Ari Anisfeld ,&nbsp;Jordan Rosenthal-Kay","doi":"10.1016/j.regsciurbeco.2025.104139","DOIUrl":"10.1016/j.regsciurbeco.2025.104139","url":null,"abstract":"<div><div>One rationale for place-based policy is that local development produces positive productivity spillovers. We examine the employment spillovers from a large local development project: opening a casino. Comparing employment in neighborhoods that won a casino license to runner-up neighborhoods that narrowly lost, we find that casinos create jobs in their immediate vicinity. However, we estimate net job losses overall when considering the broader neighborhood. Employment gains concentrate in the leisure and hospitality industry, suggesting spillovers are industry-specific or are driven by demand-side forces like trip-chaining. We develop theory to show that our estimates imply a rapid spatial decay of productivity spillovers.</div></div>","PeriodicalId":48196,"journal":{"name":"Regional Science and Urban Economics","volume":"115 ","pages":"Article 104139"},"PeriodicalIF":2.9,"publicationDate":"2025-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145060277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
High-tech clusters, labor demand, and inequality: Evidence from “Made in China 2025” 高科技集群、劳动力需求与不平等：来自“中国制造2025”的证据
IF 2.9 2区 经济学
Regional Science and Urban Economics Pub Date : 2025-08-30 DOI: 10.1016/j.regsciurbeco.2025.104142
Klint Mane , Geunyong Park , Ande Shen
{"title":"High-tech clusters, labor demand, and inequality: Evidence from “Made in China 2025”","authors":"Klint Mane ,&nbsp;Geunyong Park ,&nbsp;Ande Shen","doi":"10.1016/j.regsciurbeco.2025.104142","DOIUrl":"10.1016/j.regsciurbeco.2025.104142","url":null,"abstract":"<div><div>This paper examines the impact of high-tech clusters on labor market inequalities, focusing on a place-based industrial policy known as ”Made in China 2025.” This policy aimed to attract high-tech firms to industrial clusters in designated ”pilot” cities by providing unprecedented fiscal incentives. By utilizing the staggered rollout of these pilot cities and representative online job posting data, we conduct an event-study analysis to explore the causal effects of high-tech clusters on labor demand across different occupations and regions. Our findings indicate that the policy resulted in a significant increase in job openings and wages in the pilot cities, but it also led to a widening wage gap between routine and non-routine occupations. In neighboring areas of the pilot cities, job openings and wages initially decreased in the short term but later recovered, indicating evidence of positive spillover effects from the high-tech clusters. Additionally, we show that the development of high-tech clusters has caused a reduction in the net income of workers in routine jobs, as it significantly raised housing costs in the pilot cities. These results suggest that policymakers should be cautious about the varying welfare effects when developing high-tech clusters.</div></div>","PeriodicalId":48196,"journal":{"name":"Regional Science and Urban Economics","volume":"115 ","pages":"Article 104142"},"PeriodicalIF":2.9,"publicationDate":"2025-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144922214","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The impact of urban redevelopment for mitigating earthquake damage risk on land values 城市重建以减轻地震破坏风险对土地价值的影响
IF 2.9 2区 经济学
Regional Science and Urban Economics Pub Date : 2025-08-28 DOI: 10.1016/j.regsciurbeco.2025.104144
Mizuki Kawabata , Michio Naoi , Shohei Yasuda
{"title":"The impact of urban redevelopment for mitigating earthquake damage risk on land values","authors":"Mizuki Kawabata ,&nbsp;Michio Naoi ,&nbsp;Shohei Yasuda","doi":"10.1016/j.regsciurbeco.2025.104144","DOIUrl":"10.1016/j.regsciurbeco.2025.104144","url":null,"abstract":"<div><div>We examine the impact of urban redevelopment for mitigating earthquake damage risk on land values using a spatial regression discontinuity (RD) design. Our analysis exploits the risk discontinuity at the boundaries of dense urban districts with extremely high earthquake damage risk (<em>high-risk DUDs</em>) in Tokyo, using data on high-risk DUDs in 2012, 2017, and 2020. The cross-sectional RD estimates demonstrate that land values are consistently higher just outside than just inside the boundaries of high-risk DUDs that existed in 2012 but were removed by 2017 under urban redevelopment initiatives. The RD estimates further reveal that the discontinuous gap in land values at the boundaries of the former high-risk DUDs diminished over time. The differences in the RD estimates before and after the removal of high-risk DUDs between 2012 and 2017 indicate that this removal reduced the discontinuity at the former high-risk DUD boundaries, leading to a relative increase in land values of 1.5% by 2017 and 2.0% by 2020. These findings suggest that mitigating earthquake damage risk through urban redevelopment contributes to a progressive appreciation in land values.</div></div>","PeriodicalId":48196,"journal":{"name":"Regional Science and Urban Economics","volume":"115 ","pages":"Article 104144"},"PeriodicalIF":2.9,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049534","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The economic impact of hydrogen energy infrastructure in China 中国氢能基础设施的经济影响
IF 2.9 2区 经济学
Regional Science and Urban Economics Pub Date : 2025-08-26 DOI: 10.1016/j.regsciurbeco.2025.104143
Yingdan Mei , Xiaoning Su , Pengfei Liu , Hong Lan , Yueming (Lucy) Qiu
{"title":"The economic impact of hydrogen energy infrastructure in China","authors":"Yingdan Mei ,&nbsp;Xiaoning Su ,&nbsp;Pengfei Liu ,&nbsp;Hong Lan ,&nbsp;Yueming (Lucy) Qiu","doi":"10.1016/j.regsciurbeco.2025.104143","DOIUrl":"10.1016/j.regsciurbeco.2025.104143","url":null,"abstract":"<div><div>Investment in hydrogen energy infrastructure is a promising way to achieve low-carbon and sustainable development. We provide a comprehensive assessment on the economic impact of hydrogen refueling stations (HRSs) based on the geocoded information on HRSs and housing transaction records from 2014 to 2023 in China. Our study reveals that establishing a HRS significantly lowers the transaction prices of surrounding housing within 1.4 km. Furthermore, the construction of a HRS significantly reduces housing prices by 7.65 %, mostly caused by the first constructed station. HRSs in areas with high population density have a greater negative impact on housing prices. Higher levels for environmental awareness among residents and government alleviate negative impacts. Visual exposure may exacerbate residents’ negative perceptions, prompting some individuals to relocate due to perceived uncertainty surrounding the HRS, thereby contributing to a decline in housing prices. Our results provide significant policy implications for appropriate intervention strategies to alleviate HRS-driven externalities.</div></div>","PeriodicalId":48196,"journal":{"name":"Regional Science and Urban Economics","volume":"114 ","pages":"Article 104143"},"PeriodicalIF":2.9,"publicationDate":"2025-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144917882","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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