| Title |
Effects of Urban Regeneration on Start-ups, Closures, and the Number of Stores in Neighborhood Commercial Districts |
| DOI |
https://doi.org/10.5659/JAIK.2023.39.3.31 |
| Keywords |
Urban Regeneration Priority Regions; Neighborhood Commercial Districts; Difference-in-Difference Analysis; Start-up and Closing; The Number of Stores |
| Abstract |
Nine years have passed since the implementation of urban regeneration projects, but studies verifying the effectiveness of these projects in
terms of revitalizing a neighborhood have been insufficient. This study aims to analyze the effect on the number of start-ups, closures, and
stores where urban regeneration projects were implemented and its surrounding areas. To analyze the effectiveness of these projects,
difference-in-difference methods were performed using commercial area information data. The results of this study revealed the number of
start-ups in the 100m×100m grid increased by 0.507 as an urban regeneration project was implemented. On the other hand, an average of
0.901 business closures occurred in the areas where such a project was implemented after the completion of it. As a result, after the
implementation and completion of an urban regeneration project, -2.35 stores decreased in the area. |