Title Effects of Urban Regeneration on Start-ups, Closures, and the Number of Stores in Neighborhood Commercial Districts
Authors 임보영(Im, Bo-Yeong)
DOI https://doi.org/10.5659/JAIK.2023.39.3.31
Page pp.31-40
ISSN 2733-6247
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.