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Do urban casinos affect nearby neighbourhoods? Evidence from Canada
- Source :
- Papers in Regional Science. 97:757-784
- Publication Year :
- 2016
- Publisher :
- Wiley, 2016.
-
Abstract
- We analyse the effect of new casinos on nearby neighbourhoods using data from casinos opened in Canada between 1986−2007. We find no evidence linking casino openings to nearby population growth or changes in residents' income, composition by age, gender, marital status, and home ownership status. We find evidence of negative casino effects on the growth of housing values and rent. The effect is substantial near casinos, a nearly 8 percentage-point loss in the growth of home values over 5 years, but has limited influence and dissipates quickly over distance. The estimated effect on housing rents is comparable in terms of standard deviation.
- Subjects :
- Labour economics
media_common.quotation_subject
05 social sciences
Geography, Planning and Development
Economic rent
Population structure
social sciences
Environmental Science (miscellaneous)
Affect (psychology)
01 natural sciences
010104 statistics & probability
0502 economics and business
Unemployment
Economics
Marital status
Household income
Population growth
Demographic economics
Economic impact analysis
050207 economics
0101 mathematics
media_common
Subjects
Details
- ISSN :
- 10568190
- Volume :
- 97
- Database :
- OpenAIRE
- Journal :
- Papers in Regional Science
- Accession number :
- edsair.doi...........730017ee49b8501a06f787e02d63ad6f