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Spatially Delineated Public Goods and Spatially Located Public Bads: A Hedonic Approach to Measuring Urban Revitalization

Published online by Cambridge University Press:  15 September 2016

John Brown  and
Jacqueline Geoghegan
John Brown
Affiliation:
Department of Economics at Clark University in Worcester, Massachusetts
Jacqueline Geoghegan
Affiliation:
Department of Economics at Clark University in Worcester, Massachusetts
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Abstract

A regression discontinuity approach is used to measure the impact of public-goods creating programs in a declining inner city neighborhood of Worcester Massachusetts. Using GIS data, we develop a hedonic model of residential sales, using a parcel-level GIS tax assessment and land use database linked to property sales data for the years 1988 through 2007, to test the effect of the creation of a new high-performing public school, as well as other locational amenities and disamenities on neighborhood housing prices, by comparing properties adjacent to either side of the school catchment area boundary.

Keywords

regression discontinuityspatial hedonic modelurban revitalization
Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 40 , Issue 3 , December 2011 , pp. 360 - 374
Copyright
Copyright © 2011 Northeastern Agricultural and Resource Economics Association 

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