Research output: Contribution to journal › Article › peer-review
Assessment of the Spatial Externalities of Major Cities on the Housing Market of Small and Medium-Sized Cities. / Kolomak, E. A.; Nezavitina, A. O.
In: Regional Research of Russia, Vol. 11, No. 3, 07.2021, p. 308-314.Research output: Contribution to journal › Article › peer-review
}
TY - JOUR
T1 - Assessment of the Spatial Externalities of Major Cities on the Housing Market of Small and Medium-Sized Cities
AU - Kolomak, E. A.
AU - Nezavitina, A. O.
N1 - Funding Information: The research was carried out with the financial support of the Russian Foundation for Basic Research (project no. 19-010-00094 “Spatial Development of Modern Russia: Trends, Factors, Mechanisms”). Publisher Copyright: © 2021, Pleiades Publishing, Ltd.
PY - 2021/7
Y1 - 2021/7
N2 - The question of the positive influence of major cities on the balanced development of territory in Russia remains controversial. This paper assesses the spatial externalities of major cities in Russia on the housing market of small and medium-sized cities. Apartment prices are considered an indirect indicator of the socioeconomic situation of a city. We study not only the influence of the proximity of a major city, but also belonging to an agglomeration. The main hypotheses tested are: (1) agglomerations have a positive externality on small cities that are part of them; (2) major cities have a positive externality on the environment; (3) the externality of a major city is determined by the size of its market and the distance to it. The analysis method consists of empirical and regression estimates. The analysis ultimately confirmed the dominance of positive externalities in the interaction of major cities with small cities. Entry into an urban agglomeration increases the positive externality. The importance of belonging to an agglomeration is comparable to the role of the market component, which is formed due to cooperative ties between producers and consumers in the center of economic activity and small towns in a region.
AB - The question of the positive influence of major cities on the balanced development of territory in Russia remains controversial. This paper assesses the spatial externalities of major cities in Russia on the housing market of small and medium-sized cities. Apartment prices are considered an indirect indicator of the socioeconomic situation of a city. We study not only the influence of the proximity of a major city, but also belonging to an agglomeration. The main hypotheses tested are: (1) agglomerations have a positive externality on small cities that are part of them; (2) major cities have a positive externality on the environment; (3) the externality of a major city is determined by the size of its market and the distance to it. The analysis method consists of empirical and regression estimates. The analysis ultimately confirmed the dominance of positive externalities in the interaction of major cities with small cities. Entry into an urban agglomeration increases the positive externality. The importance of belonging to an agglomeration is comparable to the role of the market component, which is formed due to cooperative ties between producers and consumers in the center of economic activity and small towns in a region.
KW - agglomeration
KW - city
KW - empirical analysis
KW - externalities
KW - housing market
KW - market potential
KW - Russia
KW - urban system
UR - http://www.scopus.com/inward/record.url?scp=85116331125&partnerID=8YFLogxK
U2 - 10.1134/S2079970521030072
DO - 10.1134/S2079970521030072
M3 - Article
AN - SCOPUS:85116331125
VL - 11
SP - 308
EP - 314
JO - Regional Research of Russia
JF - Regional Research of Russia
SN - 2079-9705
IS - 3
ER -
ID: 34376451