ID 3598
FullText File
Title Alternative
An Empirical Study of the Impact of Area Management Activity on Property Prices in Japan
Authors
DOI
Journal Title
The Wakayama economic review
ISSN
04516222
NCID
AN00071425
Volume
395
Start Page
1
End Page
18
Published Date
2018-12-01
Language
jpn
Docuemnt Type
論文
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.
Content Type
Departmental Bulletin Paper
Text Version
publisher