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Title: Keeping up appearances: Spatial spillovers and housing renovations
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.

 
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Award ID(s):
1855277 1637661
NSF-PAR ID:
10460032
Author(s) / Creator(s):
 
Publisher / Repository:
Wiley-Blackwell
Date Published:
Journal Name:
Papers in Regional Science
Volume:
98
Issue:
5
ISSN:
1056-8190
Page Range / eLocation ID:
p. 2115-2133
Format(s):
Medium: X
Sponsoring Org:
National Science Foundation
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