Consumer streets: Microscopic evidence of road density and consumption vitality

Chong Peng; Peizhen Jin

doi:10.1016/j.ceqi.2023.03.003

Consumer streets: Microscopic evidence of road density and consumption vitality

Chong Peng
, Peizhen Jin^*

^*Corresponding author for this work

School of Economics and Management

Research output: Contribution to journal › Article › peer-review

8 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	60-75
Number of pages	16
Journal	China Economic Quarterly International
Volume	3
Issue number	1
DOIs	https://doi.org/10.1016/j.ceqi.2023.03.003
State	Published - Mar 2023

Keywords

Big data
Consumption vitality
Road network density

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.ceqi.2023.03.003

Cite this

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title = "Consumer streets: Microscopic evidence of road density and consumption vitality",

abstract = "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.",

keywords = "Big data, Consumption vitality, Road network density",

author = "Chong Peng and Peizhen Jin",

note = "Publisher Copyright: {\textcopyright} 2023 The Authors",

year = "2023",

month = mar,

doi = "10.1016/j.ceqi.2023.03.003",

language = "英语",

volume = "3",

pages = "60--75",

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TY - JOUR

T1 - Consumer streets

T2 - Microscopic evidence of road density and consumption vitality

AU - Peng, Chong

AU - Jin, Peizhen

PY - 2023/3

Y1 - 2023/3

N2 - 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.

AB - 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.

KW - Big data

KW - Consumption vitality

KW - Road network density

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EP - 75

JO - China Economic Quarterly International

JF - China Economic Quarterly International

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ER -

Consumer streets: Microscopic evidence of road density and consumption vitality

Abstract

Keywords

UN SDGs

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