Barriers to urban spatial development
Evidence from the 2010–2011 Christchurch earthquakes
Bibliographic Data
| ID | 21353005 |
|---|---|
| Authors | Yuming Fu (0000-0003-2116-5253, Department of Real Estate NUS Business School Singapore Singapore), Song Shi (0000-0003-4188-5151, Faculty of Design, Architecture and Building University of Technology Sydney Ultimo New South Wales Australia) |
| Year | 2022 |
| Volume | 62 |
| Issue | 1 |
| Pages | 218-245 |
| Publication date | 2022-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Regional Science (JOURNAL) |
| Journal identifiers | ISSN: 0022-4146 • E-ISSN: 1467-9787 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jors.12562 |
| OpenAlex | W3194017197 |
| Language | EN |
| Citations received | 2 |
| References cited | 33 |
Rational urban spatial development with durable structural capital entails discontinuous central densification. Such densification can be held back by interdependent redevelopment incentives among adjacent landowners—a market failure that distorts spatial development. We investigate such distortion in Christchurch, New Zealand, by studying land‐value change across neighborhoods in the city before and after the 2010‐2011 earthquakes. We show that neighborhood‐wide loss in structural capital due to seismic hazard exposure raised land value in central neighborhoods but reduced it in non‐central ones. These divergent land‐value changes reflect the mitigation of spatial‐development distortion because of reduced barriers to neighborhood redevelopment
Capital (architecture) · Capital region · Civil engineering · Distortion (music) · Economic geography · Economics · Geography · Hazard · Incentive · Interdependence · Land development · Land use · Land value · Market economy · Natural resource economics · Political science · Redevelopment · Value (mathematics) · Housing Market and Economics · Regional Economics and Spatial Analysis · Spatial and Panel Data Analysis
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| Unique citing works | 2 |
|---|---|
| Citations per year | 0,67 |
| Citation span | 2023 - 2026 (4) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 2 |