Does Government Investment in Local Public Goods Spur Gentrification? Evidence from Beijing

Siqi Zheng, Matthew E. Kahn

NBER Working Paper No. 17002
Issued in April 2011
NBER Program(s):   EEE   PE

In Beijing, the metropolitan government has made enormous place based investments to increase green space and to improve public transit. We examine the gentrification consequences of such public investments. Using unique geocoded real estate and restaurant data, we document that the construction of the Olympic Village and two recent major subway systems have led to increased new housing supply in the vicinity of these areas, higher local prices and an increased quantity of nearby private chain restaurants.

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Acknowledgments

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