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RETAIL CITY: Does accessibility to shops explain place attractiveness?

Author

Listed:
  • Öner, Özge

    (Jönköping International Business School, & Centre for Entrepreneurship and Spatial Economics)

Abstract

This paper explores the role of retail as an amenity and how it contributes to place attractiveness. In this investigation the impact of accessibility to shops on average house prices is investigated using a fixed effect estimation. The analysis use data for Swedish municipalities through the years 2002-2008. The empirical design is constructed using the across-cities spatial equilibrium framework of Roback (1982), and house prices are assumed to reflect the attractiveness of municipalities. In order to capture the precise impact from retail access, mean wages, population density, unemployment, leisure service concentration, and municipal tax levels are controlled for. Results indicate a strong relationship between retail access and place attractiveness, where a retail-premium on house prices is found to be present for Swedish municipalities.

Suggested Citation

  • Öner, Özge, 2013. "RETAIL CITY: Does accessibility to shops explain place attractiveness?," Working Paper Series in Economics and Institutions of Innovation 335, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    • Handle: RePEc:hhs:cesisp:0335
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    File URL: https://static.sys.kth.se/itm/wp/cesis/cesiswp335.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Urban amenities; housing market; retail sector;
    All these keywords.

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics

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