Historical Legacies and Urbanization: Evidence from Chinese Concessions

Discussion Paper Series from Department of International Economic Policy, University of Freiburg

Abstract: Can colonialism affect today’s urban outcomes? This paper examines the long-run impact of Concessions - foreign-run enclaves established in the late nineteenth century inside Chinese cities by European settlers for residence and investment purposes. They soon became the new economic hubs of their hosting cities. By using a unique dataset of geo-referenced apartment transactions and by employing a spatial regression discontinuity approach to identify the causality, we find that apartments located inside historical Concession areas command a price premium of 17% compared to similar homes just outside of the Concession boundaries. We show that the long-run economic effect of Concessions may be explained by better access to urban facilities in these areas.

Keywords: Colonialism; Housing price; Urbanization; Persistence; China (search for similar items in EconPapers)
Pages: 73 pages
Date: 2024-02, Revised 2024-02
New Economics Papers: this item is included in nep-his and nep-ure
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Historical Legacies and Urbanization: Evidence from Chinese Concessions (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:fre:wpaper:47

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