都市衰退対策の評価 [in Japanese] Evaluation of the Policy for Urban Decline in Japan [in Japanese]
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Bricks and mortar model incorporate some features of housing supply, namely that there is an asymmetry between positive and negative shocks, into a dynamic version of the Alonso-Mills-Muth urban model (Glaeser and Gyourko ). And this simple model presents several implications which document : (1) city growth rates are highly persistent, especially among declining cities, (2) declining cities attract individuals with low levels of human capital. This paper applies this model to housing market in Japan and examines the effects of the urban renewal policy to levels of human capital. And our study suggests that urban renewal policy makes declining cities more attractive to uneducated people and deter the growth.
- Studies in Regional Science
Studies in Regional Science 35(3), 559-572, 2005
JAPAN SECTION OF THE REGIONAL SCIENCE ASSOCIATION INTERNATIONAL