scholarly journals The Neighborhood Impacts of Local Infrastructure Investment: Evidence from Urban Mexico

2018 ◽  
Vol 10 (3) ◽  
pp. 263-286 ◽  
Author(s):  
Craig McIntosh ◽  
Tito Alegría ◽  
Gerardo Ordóñez ◽  
René Zenteno

This paper reports on the results of a large infrastructure investment experiment in which $68 million in spending was randomly allocated across a set of low-income urban neighborhoods in Mexico. We show that the program resulted in substantial improvements in access to infrastructure and increases in private investment in housing. While a pre-committed index of social capital did not improve, we find an apparent decrease in the incidence of personal assault and teen misbehavior in neighborhoods where investments were made. The program increased the aggregate real estate value in program neighborhoods by two dollars for every dollar invested. (JEL H76, O18, R23, R31, R53, Z13)

2021 ◽  
pp. 20-57
Author(s):  
Benjamin Holtzman

During the late 1960s and 1970s, extensive disinvestment and an eviscerated real estate market led landlords of low-income housing to walk away from their real estate holdings, leaving thousands of buildings unoccupied and often city-owned due to nonpayment of taxes. In response, Latinx, African American, and some white residents protested the blight these buildings brought to their neighborhoods by directly occupying and seeking ownership of abandoned buildings through a process they called urban homesteading. Activists framed homesteading as a self-help initiative, often emphasizing their own ingenuity over state resources as the key to solving the problems of low-income urban neighborhoods. Such framing was understandable given the unstable economic terrain of the 1970s and won activists support not just from the political left, but also the right. But it also positioned homesteading as demonstrating the superiority of private-citizen and private sector–led revitalization in ways that left homesteading projects vulnerable as it became clear how necessary government resources would be to their success.


2012 ◽  
Vol 36 (6) ◽  
pp. 723-735 ◽  
Author(s):  
Patricia Cook-Craig ◽  
Gretchen Ely ◽  
Chris Flaherty ◽  
Mark Dignan ◽  
Carol R. White

2016 ◽  
Vol 53 (6) ◽  
pp. 774-805 ◽  
Author(s):  
Molly W. Metzger ◽  
Patrick J. Fowler ◽  
Todd Swanstrom

The school mobility rate in St. Louis Public Schools was 40% in 2011-2012, meaning that nearly half of students exited or entered a given school midway through the school year. This alarmingly high rate of churning across schools is accompanied by high neighborhood turnover, particularly within low-income, urban neighborhoods. This constant, disruptive change presents a serious and fundamental challenge for urban education. In this article, we summarize the literature linking mobility to educational outcomes, examine the causes of hypermobility in the case study of St. Louis, describe some of the current approaches to this challenge, and propose additional policy and program solutions.


2016 ◽  
Vol 26 (5) ◽  
pp. 604-607 ◽  
Author(s):  
Katherine C Smith ◽  
Carmen Washington ◽  
Kevin Welding ◽  
Laura Kroart ◽  
Adami Osho ◽  
...  

2018 ◽  
Vol 10 (8) ◽  
pp. 2659 ◽  
Author(s):  
Jiangtao Li ◽  
Jianyue Ji ◽  
Huiwen Guo ◽  
Lei Chen

Private investment in China, as a developing country, is an important source of financing for Chinese SMEs (Small and Medium-Size Enterprises) and has played a major role in the development of the real economy. However, in 2016, the growth rate of private investment in China dropped from 10.18% to 3.17%, which had a significant impact on the real economy. At the same time, China’s real estate market has developed rapidly, attracting a large number of capital inflows. The relationship between real estate development and private investment in China is worth considering. This study first, theoretically analyzes the influence mechanism of real estate industry on private investment, pointing out that within a modest development range, the development of real estate industry can promote private investment through the industrial linkage, urbanization, and balance sheet effects, but when real estate is overdeveloped, it has an inhibitory effect on private investment through vampire effect, raising costs and reducing demand effect. In other words, real estate has different effects on private investment in different developmental periods. Therefore, there is a non-linear relationship between the two variables. Second, the relevant provincial panel data of 31 provinces in mainland China from 2003 to 2015 were selected. Using the dynamic panel system Generalized Method of Moments (GMM), this study estimated the correlation between real estate development and private investment. The empirical results showed that the development of the real estate industry has a significant impact on the level of private investment; the two showing an “inverted U-shaped” relationship. At present, in some provinces in China, the real estate industry has exceeded the inverted U-shaped threshold. To boost the vitality of private investment in promoting real economic growth, the development of the real estate industry should be restricted, and house prices should be properly regulated.


Author(s):  
Albert Mafusire ◽  
Zuzana Brixiova ◽  
John Anyanwu ◽  
Qingwei Meng

Private sector investment opportunities in Africa’s infrastructure are huge. Regulatory reforms across African countries are identified as critical to the realization of the expected investment flows in the infrastructure sector. However, planners and policy makers need to note that there are infrastructure deficiencies in all subsectors with low income countries (LICs) in Africa facing the greatest challenge. Inefficiencies in implementing infrastructure projects account for USD 17 billion annually and improving the capacity of African countries will help minimize these costs. In this regard, the donor community must play a greater role in African LICs while innovative financing mechanisms must be the focus in the relatively richer countries of the continent. Traditional sources of financing infrastructure development remain important but private investment is critical in closing the current gaps. Countries need to devise mechanisms to exploit opportunities and avoid pitfalls in investing in infrastructure.


2015 ◽  
Vol 50 (4) ◽  
pp. 439-461 ◽  
Author(s):  
Mariam Ashtiani ◽  
Cynthia Feliciano

Youth from advantaged backgrounds have more social relationships that provide access to resources facilitating their educational success than those from low-income families. Does access to and mobilization of social capital also relate to success among the few low-income youth who “overcome the odds” and persist in higher education? Using nationally representative longitudinal data over a 14-year period, this study shows that although access to social capital in families, schools, and communities is positively related to entry into higher education, most forms of adolescent social capital are not independently associated with degree attainment. However, the mobilization of social capital through certain types of mentorship benefits both the college entry and bachelor’s degree attainment of low-income youth, more so than for their more economically advantaged peers. Findings suggest that developing enduring mentoring relationships and new social resources rooted in the higher education context may be especially important in facilitating degree attainment for young adults from low-income backgrounds.


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