Munich Personal RePEc Archive

Land Price Fluctuations, Commercial-Residential Segregation, and Gentrification

Xu, Hangtian (2020): Land Price Fluctuations, Commercial-Residential Segregation, and Gentrification.

[thumbnail of MPRA_paper_98844.pdf]

Download (534kB) | Preview


By examining the impact of a real estate bubble on residential distribution in Tokyo and Osaka, we show that land price fluctuations influence the residential location choice within a metropolitan area. During a period of rising land prices, land developers favor commercial development over residential use in the central city, thereby increasing the daytime population while decreasing the residential population there. Thus, commercial-residential segregation is intensified. In a downturn period, however, with the shrinking demand for commercial space, homes are favored by land developers. Hence, gentrification occurs as an unintended consequence of this endogenous conversion of the land-use pattern.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.