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A platform for research: civil engineering, architecture and urbanism
Effects of business improvement districts on firm performance, property values and urban safety: an empirical study of five small to medium-sized Swedish towns
Business improvement districts (BIDs) have emerged as possible solutions for the revitalisation of declining urban areas. We investigate the effects of a voluntary Swedish BID programme on firm performance, urban safety and property values in five small to medium-sized Swedish towns, and find that it increased labour productivity for incumbent firms within the BID by about 7%, mainly through an increase in revenues. However, the positive effect of the BID programme on firm performance is transitory, decreasing sharply during the third year after implementation and then becoming insignificant. As for urban safety and property values, the results are mostly insignificant.
Effects of business improvement districts on firm performance, property values and urban safety: an empirical study of five small to medium-sized Swedish towns
Business improvement districts (BIDs) have emerged as possible solutions for the revitalisation of declining urban areas. We investigate the effects of a voluntary Swedish BID programme on firm performance, urban safety and property values in five small to medium-sized Swedish towns, and find that it increased labour productivity for incumbent firms within the BID by about 7%, mainly through an increase in revenues. However, the positive effect of the BID programme on firm performance is transitory, decreasing sharply during the third year after implementation and then becoming insignificant. As for urban safety and property values, the results are mostly insignificant.
Effects of business improvement districts on firm performance, property values and urban safety: an empirical study of five small to medium-sized Swedish towns
Daunfeldt, Sven-Olov (author) / Mihaescu, Oana (author) / Rudholm, Niklas (author)
Regional Studies ; 58 ; 552-564
2024-03-03
13 pages
Article (Journal)
Electronic Resource
English
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