| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20467 |
| 来源ID | Working Paper 20467 |
| Creative Destruction: Barriers to Urban Growth and the Great Boston Fire of 1872 | |
| Richard Hornbeck; Daniel Keniston | |
| 发表日期 | 2014-09-05 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | Historical city growth, in the United States and worldwide, has required remarkable transformation of outdated durable buildings. Private land-use decisions may generate inefficiencies, however, due to externalities and various rigidities. This paper analyzes new plot-level data in the aftermath of the Great Boston Fire of 1872, estimating substantial economic gains from the created opportunity for widespread reconstruction. An important mechanism appears to be positive externalities from neighbors' reconstruction. Strikingly, gains from this opportunity for urban redevelopment were sufficiently large that increases in land values were comparable to the previous value of all buildings burned. |
| 主题 | Public Economics ; Taxation ; Other ; Law and Economics ; History ; Labor and Health History ; Other History ; Development and Growth ; Development ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w20467 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578139 |
| 推荐引用方式 GB/T 7714 | Richard Hornbeck,Daniel Keniston. Creative Destruction: Barriers to Urban Growth and the Great Boston Fire of 1872. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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