Where Did the ‘New Urban Economics’ Go after 25 Years?

Button, Kenneth

doi:10.1007/978-3-642-59787-9_3

Cited by 9 publications

(6 citation statements)

References 46 publications

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“…A mathematical approach gave a deeper understanding of how economic systems of cities operate and it developed a methodical framework for the future analysis of urban systems. Ideas could now be verified quantitatively (Button 1998).…”

Section: New Urban Economicsmentioning

confidence: 90%

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Analysing industrial growth in various cities in KwaZulu-Natal, South Africa

Coetzee

Kleynhans

2018

J. econ. financ. sci.

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This article investigates the industrial success of various cities in KwaZulu-Natal, South Africa. It assesses the hypothesis that knowledge spillovers are supportive of industrial growth at the city level. Theories of economic city growth suggest that cities are engines of knowledge spillovers, which are essential to generate growth. This study utilised data on the growth of industries in cities in KwaZulu-Natal between 1996 and 2015. The study initially found that industries develop better in environments characterised by less concentration and more city diversity, which gave evidence of Jacobs’ externalities. However, after controlling for industry-specific and city-specific characteristics, the results changed significantly. No evidence was found for concentration effects (Marshall/Arrow/Romer-externalities) and less diversity supports city-industry growth (evidence against Jacobs’ externalities).

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Section: New Urban Economicsmentioning

confidence: 90%

“…Especially when metropolitan areas began to restructure during the 1990s, their utility began to be outdated. Instead of only offering housing, simple retail and quality of life, the periphery of cities and suburban areas now also began to offer employment away from the traditional city centres (Button 1998).…”

Section: New Urban Economicsmentioning

confidence: 99%

Analysing industrial growth in various cities in KwaZulu-Natal, South Africa

Coetzee

Kleynhans

2018

J. econ. financ. sci.

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“…According to [22,34], the new urban economy became more relevant after 1990. As urban areas developed and underwent redevelopment, profitable businesses were no longer limited to the CBD.…”

Section: Urban Street Classificationsmentioning

confidence: 99%

The Impact of Urban Street Network on Land Value: Correlate Syntactical Premises to the Land Price

2023

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Recent literature has highlighted the critical issue of urban land value and cost; properly assessing land use costs, particularly for residential and commercial purposes, is crucial in influencing urban development and investments. Therefore, the objective of this research is to create a model for land pricing that considers the urban street networks and hierarchy; by analyzing the spatial plan of the city using space syntax and evaluating the economic impact on land value, the study aims to identify the factors that influence land prices. Furthermore, the study intends to investigate the correlation between urban spatial networks, street hierarchy, and land price to create a predictive model for urban spatial land pricing. Ultimately, the study has successfully built a model for predicting the price of urban land. The case selected is evaluated and compared in three aspects of the analysis, including the urban axial assessments and urban street width, to find out their impacts on the real estate’s land price in the context of the land use distributions, which are predominantly residential and commercial types of uses. Depth map X8, SPSS, and QGIS 3.16 were used for the study evaluations and assessments. The study found that land prices are influenced by factors such as integration, connectivity, and street width. Commercial zones with good integration and wider roads tend to command higher prices, while narrow local roads generally have lower prices. This result can enhance future urban design regarding urban economy improvements and land costs.

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“…The development of New Urban Economics (NUE) has focused mainly on the locations of employment nodes and transportation costs of firms and households (Button, 2000). Even with the assumptions of multiple centres or sub-centres, the theories are basically based on the distances and transportation costs to the employment sub-centres (Muñiz et al , 2008).…”

Section: Literature Reviewmentioning

confidence: 99%

Does work from home reshape the urban rental structure? Early evidence from a rental gradient analysis in Auckland

Yiu

Cheung²,

Wong³

2023

IJHMA

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Purpose This study aims to identify the pandemic’s impact on house rents by applying a rental gradient analysis to compare the pre-and post-COVID-19 periods in Auckland. The micro-level household census data from the Integrated Data Infrastructure of Statistics New Zealand is also applied to scrutinise this WFH trend as a robustness check. Design/methodology/approach Since the outbreak of COVID-19, work-from-home (WFH) and e-commerce have become much more common in many cities. Many news reports have contended that households are leaving city centres and moving into bigger and better houses in the suburbs or rural areas. This emerging trend has been redefining the traditional theory of residential location choices. Proximity to central business district (CBD) is no longer the most critical consideration in choosing one’s residence. WFH and e-commerce flatten the traditional bid rent curve from the city centre. Findings The authors examined micro-level housing rental listings in 242 suburbs of the Auckland Region from January 2013 to December 2021 (108 months) and found that the hedonic price gradient models suggest that there has been a trend of rental gradient flattening and that its extent was almost doubled in 2021. Rents are also found to be increasing more in lower-density suburbs. Research limitations/implications The results imply that the pandemic has accelerated the trend of WFH and e-commerce. The authors further discuss whether the trend will be a transient phenomenon or a long-term shift. Practical implications Suppose an organisation is concerned about productivity and performance issues due to a companywide ability to WFH. In that case, some standard key performance indicators for management and employees could be implemented. Forward-thinking cities need to focus on attracting skilful workers by making WFH a possible solution, not by insisting on the primacy of antiquated nine-to-five office cultures. Social implications WFH has traditionally encountered resistance, but more and more companies are adopting WFH policies in this post-COVID era. The early rental gradient and the micro-level household data analysis all confirm that the WFH trend is emerging and will likely be a long-term shift. Instead of resisting the change, organisations should improve their remote work policies and capabilities for this WFH trend. Originality/value So far, empirical studies of post-COVID urban restructuring have been limited. This study aims to empirically test such an urban metamorphosis by identifying the spatial and temporal impacts of COVID on house rental gradients in the Auckland Region, New Zealand. The authors apply rental gradient analysis to test this urban restructuring hypothesis because the method considers the spatial-temporal differences, i.e. a difference-in-differences between pre-and post-pandemic period against the distance measured from the city centre. The method can control for the spatial difference and the endogeneity involved.

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Where Did the ‘New Urban Economics’ Go after 25 Years?

Cited by 9 publications

References 46 publications

Analysing industrial growth in various cities in KwaZulu-Natal, South Africa

Analysing industrial growth in various cities in KwaZulu-Natal, South Africa

The Impact of Urban Street Network on Land Value: Correlate Syntactical Premises to the Land Price

Does work from home reshape the urban rental structure? Early evidence from a rental gradient analysis in Auckland

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