Consumer streets: Microscopic evidence of road density and consumption vitality
Increased consumption is a key driving factor for further economic development in China. This study examines the influence of road network density on consumption vitality, using big data and various empirical models. The results show that increasing the road density improves consumption quantity, qu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
KeAi Communications Co. Ltd.
2023-03-01
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| Series: | China Economic Quarterly International |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666933123000060 |
| _version_ | 1797847313483300864 |
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| author | Chong Peng Peizhen Jin |
| author_facet | Chong Peng Peizhen Jin |
| author_sort | Chong Peng |
| collection | DOAJ |
| description | Increased consumption is a key driving factor for further economic development in China. This study examines the influence of road network density on consumption vitality, using big data and various empirical models. The results show that increasing the road density improves consumption quantity, quality, and diversity. The lower the grade of the road network where density is increased, the higher the consumption vitality. This effect shows a significant center-periphery characteristic. Regarding the mechanism, a higher road connectivity increases consumption vitality through visitor flow, which is more significant on low-grade roads. Moreover, the improvement in consumption vitality is significantly capitalized into local housing prices and rent. |
| first_indexed | 2024-04-09T18:09:17Z |
| format | Article |
| id | doaj.art-b3764f6afd3f40eeb2df5ee9bd0dfab5 |
| institution | Directory Open Access Journal |
| issn | 2666-9331 |
| language | English |
| last_indexed | 2024-04-09T18:09:17Z |
| publishDate | 2023-03-01 |
| publisher | KeAi Communications Co. Ltd. |
| record_format | Article |
| series | China Economic Quarterly International |
| spelling | doaj.art-b3764f6afd3f40eeb2df5ee9bd0dfab52023-04-14T04:20:02ZengKeAi Communications Co. Ltd.China Economic Quarterly International2666-93312023-03-01316075Consumer streets: Microscopic evidence of road density and consumption vitalityChong Peng0Peizhen Jin1School of Economics, Nanjing Audit University, China; Shanghai Institute for National Economy, Shanghai Jiao Tong University, ChinaSchool of Economics, East China Normal University, China; Corresponding author.Increased consumption is a key driving factor for further economic development in China. This study examines the influence of road network density on consumption vitality, using big data and various empirical models. The results show that increasing the road density improves consumption quantity, quality, and diversity. The lower the grade of the road network where density is increased, the higher the consumption vitality. This effect shows a significant center-periphery characteristic. Regarding the mechanism, a higher road connectivity increases consumption vitality through visitor flow, which is more significant on low-grade roads. Moreover, the improvement in consumption vitality is significantly capitalized into local housing prices and rent.http://www.sciencedirect.com/science/article/pii/S2666933123000060Road network densityConsumption vitalityBig data |
| spellingShingle | Chong Peng Peizhen Jin Consumer streets: Microscopic evidence of road density and consumption vitality China Economic Quarterly International Road network density Consumption vitality Big data |
| title | Consumer streets: Microscopic evidence of road density and consumption vitality |
| title_full | Consumer streets: Microscopic evidence of road density and consumption vitality |
| title_fullStr | Consumer streets: Microscopic evidence of road density and consumption vitality |
| title_full_unstemmed | Consumer streets: Microscopic evidence of road density and consumption vitality |
| title_short | Consumer streets: Microscopic evidence of road density and consumption vitality |
| title_sort | consumer streets microscopic evidence of road density and consumption vitality |
| topic | Road network density Consumption vitality Big data |
| url | http://www.sciencedirect.com/science/article/pii/S2666933123000060 |
| work_keys_str_mv | AT chongpeng consumerstreetsmicroscopicevidenceofroaddensityandconsumptionvitality AT peizhenjin consumerstreetsmicroscopicevidenceofroaddensityandconsumptionvitality |