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Impact of diseconomy of mixed land-use on factory land redevelopment in large urban area: Evidence from Japan

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  • Fukui, Shinya
  • Anh Luong, Dung

Abstract

Factory location in large urban areas is more difficult today as the sites are more likely to be used for residential and commercial facilities. This study investigates factors behind factory land use change, based on the redevelopment theory. Estimation is made using 1,824 land-use data in Osaka, a large urban area in Japan, between 2013 and 2018. Our new insight is that the diseconomy of the mixed land-use greatly impacts the land redevelopment of factory sites. In addition, the loose restriction of zoning districts and lack of localization economies of the factory also promote factory land redevelopment.

Suggested Citation

  • Fukui, Shinya & Anh Luong, Dung, 2024. "Impact of diseconomy of mixed land-use on factory land redevelopment in large urban area: Evidence from Japan," Japan and the World Economy, Elsevier, vol. 71(C).
    • Handle: RePEc:eee:japwor:v:71:y:2024:i:c:s0922142524000197
    DOI: 10.1016/j.japwor.2024.101256
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    More about this item

    Keywords

    Factory land redevelopment; Mixed-land use; Zoning district; Agglomeration economy; Instrumental variable;
    All these keywords.

    JEL classification:

    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R33 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Nonagricultural and Nonresidential Real Estate Markets
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
    • C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation

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