[go: up one dir, main page]

IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v50y2013i1p169-190.html
   My bibliography  Save this article

Valuing the Benefits of Urban Regeneration

Author

Listed:
  • Peter Tyler
  • Colin Warnock
  • Allan Provins
  • Bruno Lanz
Abstract
Although there have been many initiatives designed to regenerate relatively run-down and deprived parts of major urban areas, there have been surprisingly few attempts to value their benefits. This article presents the findings of research that has sought to value the benefits of urban regeneration policies. The focus has been on devising an approach that can build on the evidence provided from urban evaluations undertaken in many countries at the present time. It uses established techniques and statistical data sources that are fairly readily available. The evaluation of urban policy is subject to substantial conceptual and measurement problems and this should be recognised in interpreting valuation results and thus benefit–cost ratios. The article shows how the approach can be applied by drawing on recent UK evaluation evidence and data for England. It concludes by discussing where future research might be directed.

Suggested Citation

  • Peter Tyler & Colin Warnock & Allan Provins & Bruno Lanz, 2013. "Valuing the Benefits of Urban Regeneration," Urban Studies, Urban Studies Journal Limited, vol. 50(1), pages 169-190, January.
  • Handle: RePEc:sae:urbstu:v:50:y:2013:i:1:p:169-190
    DOI: 10.1177/0042098012452321
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0042098012452321
    Download Restriction: no

    File URL: https://libkey.io/10.1177/0042098012452321?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. McIntosh, Steven & Vignoles, Anna, 2001. "Measuring and Assessing the Impact of Basic Skills on Labour Market Outcomes," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 453-481, July.
    2. Steven Mcintosh, 2006. "Further Analysis of the Returns to Academic and Vocational Qualifications," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(2), pages 225-251, April.
    3. Bateman, Ian J. & Day, Brett H. & Georgiou, Stavros & Lake, Iain, 2006. "The aggregation of environmental benefit values: Welfare measures, distance decay and total WTP," Ecological Economics, Elsevier, vol. 60(2), pages 450-460, December.
    4. Simon Christopher Moore, 2006. "The value of reducing fear: an analysis using the European Social Survey," Applied Economics, Taylor & Francis Journals, vol. 38(1), pages 115-117.
    5. Ferdinand A. Gul & Judy S. L. Tsui, 2004. "Introduction and overview," Palgrave Macmillan Books, in: The Governance of East Asian Corporations, chapter 1, pages 1-26, Palgrave Macmillan.
    6. Timothy J. Bartik, 2004. "Evaluating the Impacts of Local Economic Development Policies on Local Economic Outcomes: What Has Been Done and What Is Doable?," Book chapters authored by Upjohn Institute researchers, in: Evaluating Local Economic and Employment Development: How to Access Waht Works Among Programmes and Policies, pages 113-142, W.E. Upjohn Institute for Employment Research.
    7. Yvon H. Pho, 2008. "The Value Of Volunteer Labor And The Factors Influencing Participation: Evidence For The United States From 2002 Through 2005," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(2), pages 220-236, June.
    8. Train,Kenneth E., 2009. "Discrete Choice Methods with Simulation," Cambridge Books, Cambridge University Press, number 9780521766555.
    9. Maurice Basle, 2006. "Strengths and weaknesses of European Union policy evaluation methods: Ex-post evaluation of objective 2, 1994-99," Regional Studies, Taylor & Francis Journals, vol. 40(2), pages 225-235.
    10. Nattavudh Powdthavee & Anna Vignoles, 2006. "Using Rate of Return Analyses to Understand Sector Skill Needs," CEE Discussion Papers 0070, Centre for the Economics of Education, LSE.
    11. Robert Leonardi, 2006. "Cohesion in the European Union," Regional Studies, Taylor & Francis Journals, vol. 40(2), pages 155-166.
    12. Ian J. Bateman & Richard T. Carson & Brett Day & Michael Hanemann & Nick Hanley & Tannis Hett & Michael Jones-Lee & Graham Loomes, 2002. "Economic Valuation with Stated Preference Techniques," Books, Edward Elgar Publishing, number 2639.
    13. Mullan, Killian & Egerton, Muriel, 2006. "An analysis and monetary valuation of formal and informal voluntary work by gender and educational attainment," ISER Working Paper Series 2006-22, Institute for Social and Economic Research.
    14. Louviere,Jordan J. & Hensher,David A. & Swait,Joffre D., 2000. "Stated Choice Methods," Cambridge Books, Cambridge University Press, number 9780521788304, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ghadiri, Mohaddese & Sarrafi, Mozaffar, 2022. "Integrating support groups, an effective approach to regenerate historic neighborhoods of Iran Case study: Oudlajan Neighborhood, Tehran," Land Use Policy, Elsevier, vol. 112(C).
    2. Lawless, Paul & Tyler, Peter & Overman, Henry G., 2011. "Strategies for underperforming places," LSE Research Online Documents on Economics 59236, London School of Economics and Political Science, LSE Library.
    3. Bruno Lanz & Allan Provins, 2013. "Valuing Local Environmental Amenity with Discrete Choice Experiments: Spatial Scope Sensitivity and Heterogeneous Marginal Utility of Income," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(1), pages 105-130, September.
    4. Mike Chadwick & Peter Tyler & Colin Warnock, 2013. "How to raise the bar on impact evaluation: Challenges for the evaluation of local enterprise partnerships and the regional growth fund in times of austerity," Local Economy, London South Bank University, vol. 28(7-8), pages 842-851, November.
    5. Meng Yuan & Hongjuan Wu, 2024. "Positive or Negative: The Heterogeneities in the Effects of Urban Regeneration on Surrounding Economic Vitality—From the Perspective of Housing Price," Land, MDPI, vol. 13(5), pages 1-27, May.
    6. Egan, Matt & Kearns, Ade & Katikireddi, Srinivasa V. & Curl, Angela & Lawson, Kenny & Tannahill, Carol, 2016. "Proportionate universalism in practice? A quasi-experimental study (GoWell) of a UK neighbourhood renewal programme's impact on health inequalities," Social Science & Medicine, Elsevier, vol. 152(C), pages 41-49.
    7. Cristina Mateos-Mora & María Rosa Herrera-Gutiérrez & Cristina González-Benítez, 2021. "The Impacts of Area-Based Policies on Essential Retail in Vulnerable Areas," Sustainability, MDPI, vol. 13(14), pages 1-17, July.
    8. Amanda Fitzgerald & Ruth Lupton, 2015. "The Coalition's Record on Area Regeneration and Neighbourhood Renewal: Policy, Spending and Outcomes 2010-2015," CASE - Social Policy in a Cold Climate Working Paper 19, Centre for Analysis of Social Exclusion, LSE.
    9. Kevin Dean & Claudia Trillo & Erik Bichard, 2017. "Assessing the Value of Housing Schemes through Sustainable Return on Investment: A Path towards Sustainability-Led Evaluations?," Sustainability, MDPI, vol. 9(12), pages 1-19, December.
    10. Aarland, Kristin & Osland, Liv & Gjestland, Arnstein, 2017. "Do area-based intervention programs affect house prices? A quasi-experimental approach," Journal of Housing Economics, Elsevier, vol. 37(C), pages 67-83.
    11. Jin Hui Lee & Sangyon Lim, 2018. "An Analytic Hierarchy Process (AHP) Approach for Sustainable Assessment of Economy-Based and Community-Based Urban Regeneration: The Case of South Korea," Sustainability, MDPI, vol. 10(12), pages 1-14, November.
    12. Huub Ploegmakers & Pascal Beckers, 2015. "Evaluating urban regeneration: An assessment of the effectiveness of physical regeneration initiatives on run-down industrial sites in the Netherlands," Urban Studies, Urban Studies Journal Limited, vol. 52(12), pages 2151-2169, September.
    13. repec:cep:spccrp:19 is not listed on IDEAS
    14. Lupton, Ruth & Arque, Amanda, 2015. "The Coalition's record on area regeneration and neighbourhood renewal: policy, spending and outcomes 2010-2015," LSE Research Online Documents on Economics 121534, London School of Economics and Political Science, LSE Library.
    15. Jasper Beekmans & Huub Ploegmakers & Karel Martens & Erwin van der Krabben, 2016. "Countering decline of industrial sites: Do local economic development policies target the neediest places?," Urban Studies, Urban Studies Journal Limited, vol. 53(14), pages 3027-3047, November.
    16. Melissa Butcher & Luke Dickens, 2016. "Spatial Dislocation and Affective Displacement: Youth Perspectives on Gentrification in London," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 40(4), pages 800-816, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Choi, Andy S., 2013. "Nonmarket values of major resources in the Korean DMZ areas: A test of distance decay," Ecological Economics, Elsevier, vol. 88(C), pages 97-107.
    2. Bruno Lanz & Allan Provins, 2013. "Valuing Local Environmental Amenity with Discrete Choice Experiments: Spatial Scope Sensitivity and Heterogeneous Marginal Utility of Income," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(1), pages 105-130, September.
    3. Bakhtiari, Fatemeh & Jacobsen, Jette Bredahl & Thorsen, Bo Jellesmark & Lundhede, Thomas Hedemark & Strange, Niels & Boman, Mattias, 2018. "Disentangling Distance and Country Effects on the Value of Conservation across National Borders," Ecological Economics, Elsevier, vol. 147(C), pages 11-20.
    4. Domínguez-Torreiro, Marcos & Soliño, Mario, 2011. "Provided and perceived status quo in choice experiments: Implications for valuing the outputs of multifunctional rural areas," Ecological Economics, Elsevier, vol. 70(12), pages 2523-2531.
    5. Rogers, Abbie A. & Cleland, Jonelle, 2010. "Comparing Scientist and Public Preferences for Conserving Environmental Systems: A Case of the Kimberley’s Tropical Waterways and Wetlands," Research Reports 107579, Australian National University, Environmental Economics Research Hub.
    6. Stefania Troiano & Daniel Vecchiato & Francesco Marangon & Tiziano Tempesta & Federico Nassivera, 2019. "Households’ Preferences for a New ‘Climate-Friendly’ Heating System: Does Contribution to Reducing Greenhouse Gases Matter?," Energies, MDPI, vol. 12(13), pages 1-19, July.
    7. De Valck, Jeremy & Vlaeminck, Pieter & Liekens, Inge & Aertsens, Joris & Chen, Wendy & Vranken, Liesbet, 2012. "The sources of preference heterogeneity for nature restoration scenarios," Working Papers 146522, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.
    8. Giovanni B Concu, 2009. "Measuring Environmental Externality Spillovers through Choice Modelling," Environment and Planning A, , vol. 41(1), pages 199-212, January.
    9. repec:ags:aare05:139316 is not listed on IDEAS
    10. Macea, Luis F. & Cantillo, Victor & Arellana, Julian, 2018. "Influence of attitudes and perceptions on deprivation cost functions," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 112(C), pages 125-141.
    11. Tavárez, Héctor & Álamo, Carmen & Cortés,Mildred, 2020. "Differentiated coffees and their potential markets in Puerto Rico: An economic valuation approach," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 20(02), December.
    12. Yao, Richard T. & Scarpa, Riccardo & Harrison, Duncan R. & Burns, Rhys J., 2019. "Does the economic benefit of biodiversity enhancement exceed the cost of conservation in planted forests?," Ecosystem Services, Elsevier, vol. 38(C), pages 1-1.
    13. Lizin, Sebastien & Van Passel, Steven & Schreurs, Eloi, 2015. "Farmres' Perceived Cost of Land Use restrictions: A Simulated Purchasing Decision Using Dscrete Choice Experiments," 2015 Conference, August 9-14, 2015, Milan, Italy 212054, International Association of Agricultural Economists.
    14. Estifanos, Tafesse & Polyakov, Maksym & Pandit, Ram & Hailu, Atakelty & Burton, Michael, 2018. "Protection of the Ethiopian Wolf: What are tourists willing to pay for?," Working Papers 272805, University of Western Australia, School of Agricultural and Resource Economics.
    15. Bakti Hasan-Basri & Mohd Zaini Abd Karim & Normizan Bakar, 2015. "Willingness To Pay For Recreational Attributes Of Public Parks: A Choice Experiment Approach," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 60(05), pages 1-18, December.
    16. Tafesse Estifanos & Maksym Polyakov & Ram Pandit & Atakelty Hailu & Michael Burton, 2021. "What are tourists willing to pay for securing the survival of a flagship species? The case of protection of the Ethiopian wolf," Tourism Economics, , vol. 27(1), pages 45-69, February.
    17. Helen Scarborough & Jeff Bennett, 2012. "Cost–Benefit Analysis and Distributional Preferences," Books, Edward Elgar Publishing, number 14376.
    18. Miller, Sini & Tait, Peter & Saunders, Caroline, 2015. "Estimating indigenous cultural values of freshwater: A choice experiment approach to Māori values in New Zealand," Ecological Economics, Elsevier, vol. 118(C), pages 207-214.
    19. Pfarr, Christian & Schmid, Andreas & Mørkbak, Morten Raun, 2015. "Latent characteristics and preferences for income redistribution," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113001, Verein für Socialpolitik / German Economic Association.
    20. Andy S. Choi & Kelly S. Fielding, 2016. "Cultural Attitudes as WTP Determinants: A Revised Cultural Worldview Scale," Sustainability, MDPI, vol. 8(6), pages 1-18, June.
    21. Anthony PARIS & Pascal GASTINEAU & Pierre-Alexandre MAHIEU & Benoît CHEZE, 2020. "Citizen involvement in the energy transition: Highlighting the role played by the spatial heterogeneity of preferences in the public acceptance of biofuels," LEO Working Papers / DR LEO 2828, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:50:y:2013:i:1:p:169-190. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.