The Wakayama economic review 395
2018-12-01 発行

An Empirical Study of the Impact of Area Management Activity on Property Prices in Japan

エリアマネジメントの実施地区と非実施地区に関する特性に関する一考察
FullText File
DOI
Language
jpn
Start Page
1
End Page
18
Keywords
中心市街地
主成分分析
エリアマネジメント
Keywords Alternative
town center
Principle Component Analysis
Area Management
Abstract Alternative
Over the past few years, Japan has witnessed a significant decline in local economies and widespread depression across many industries. A set of measures known as Area Management Activity (AMA) were introduced to revitalize towns and cities based on the combined efforts of the private and government sectors. This study assesses the impact of AMA on property prices through several empirical tests, such as principle component analysis. We use data sets on 1,300 areas including 826 municipalities, in conjunction with the Ministry of Land, Infrastructure, Transport, and Tourism. The empirical evidence clearly indicates a significant relationship between AMA and land prices.
Text Version
publisher