Additional neighborhood effects following renovation of historical heritage

An empirical investigation of the case of Himeji Castle

Bibliographic Data

ID6429338
AuthorsKeisuke Iida (0000-0001-9087-3013), Kazuma Iida, Mototsugu Fukushige (0000-0002-2981-5858, Osaka University of Economics, corresponding author)
Year2024
Volume19
Issue1
Pages183-208
Publication date2024-11-11
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Journal of Economic Policy Studies (JOURNAL)
Journal identifiersISSN: 2524-4892 • E-ISSN: 1881-4387
PublisherSpringer Science+Business Media (PUBLISHER • DE)
DOI10.1007/s42495-024-00147-x
OpenAlexW4404227668
LanguageEN
References cited29

Historical buildings require periodic renovation to ensure that their historical value is preserved for future generations. In this study, we use the renovation project conducted at Himeji Castle over about 5 and a half years from 2009 as a case study to analyze the impact of the renovation on the neighboring areas. As shown by the changes in land price trends, it was found that the renovation project had the effect of accelerating the upward trend in land price during the renovation period. In some areas, however, this acceleration effect was shown to diminish after the completion of the project. Nevertheless, the short-term increase in land price during this period was found to be sustained even after the completion of the project. We consider this price increase to be a neighborhood effect created by the renovation

Archaeology · Architectural engineering · Geography · Engineering · History · Housing Market and Economics · Spatial and Panel Data Analysis · Urbanization and City Planning

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