Does Government Investment in Local Public Goods Spur Gentrification? Evidence from Beijing
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We thank Zhan Shi for excellent research assistance. We thank the National Natural Science Foundation of China (No. 70973065), the UCLA Ziman Real Estate Center, and the Peking University - Lincoln Institute Center for Urban Development and Land Policy for their generous funding and research supports. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.