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Growth in surrounding consumer amenities: The economic externality of urban parks

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  • Fenjie Long
  • Lang Shi

Abstract

Many cities in China have issued various policies aimed at strengthening the investment and construction of urban parks to promote ecological development. An urban park is often considered by scholars and policy makers only in terms of its ecological and social values. However, its economic externalities have not been studied fully. This paper adopts Points of Interest data to identify and measure the impact of urban park opening on surrounding consumer amenities, based on a difference‐in‐differences model. The empirical results show that the newly built parks in Guiyang, also known as the “Thousand‐park City,” promote the surrounding consumer amenities, especially dining and daily‐life services. Besides, parks in different locations and with different characteristics show heterogeneity in this spill‐over effect. This study enriches the understanding of the economic roles of urban parks, provides references for the planning of urban green space, and supports the urban synchronous economic and ecological development mode to some extent.

Suggested Citation

  • Fenjie Long & Lang Shi, 2021. "Growth in surrounding consumer amenities: The economic externality of urban parks," Growth and Change, Wiley Blackwell, vol. 52(2), pages 1062-1079, June.
    • Handle: RePEc:bla:growch:v:52:y:2021:i:2:p:1062-1079
    DOI: 10.1111/grow.12474
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    References listed on IDEAS

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    1. Liu, Qing & Qiu, Larry D., 2016. "Intermediate input imports and innovations: Evidence from Chinese firms' patent filings," Journal of International Economics, Elsevier, vol. 103(C), pages 166-183.
    2. Du, Mengbing & Zhang, Xiaoling, 2020. "Urban greening: A new paradox of economic or social sustainability?," Land Use Policy, Elsevier, vol. 92(C).
    3. Tadao Hoshino & Koichi Kuriyama, 2010. "Measuring the Benefits of Neighbourhood Park Amenities: Application and Comparison of Spatial Hedonic Approaches," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 45(3), pages 429-444, March.
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    Cited by:

    1. Zhipeng Xing & Sidong Zhao & Kerun Li, 2023. "Evolution Pattern and Spatial Mismatch of Urban Greenspace and Its Impact Mechanism: Evidence from Parkland of Hunan Province," Land, MDPI, vol. 12(11), pages 1-31, November.

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