Transit-oriented economic development: The impact of light rail on new business starts in the Phoenix, AZ Region, USA.
This article examines the impact of Phoenix’s light rail system, which opened in 2008, on new firm formation in specific industries. Individual business data from 1990–2014 are used in a quasi-experimental adjusted-interrupted time series (AITS) regression to compare the impact of the transit system...
| Publicado en: | Urban Studies (Sage Publications, Ltd.) Vol. 55; no. 13; pp. 2838 - 2863 |
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| Formato: | Artículo |
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Sage Publications, Ltd.
Oct2018
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=131908003&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 131908003 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00420980 54XY jtl: Urban Studies (Sage Publications, Ltd.) issn: 00420980 maglogo: Y pubinfo: dt: Oct2018 vid: 55 iid: 13 pid: 2171 pub: Sage Publications, Ltd. artinfo: ui: 131908003 10.1177/0042098017724119 ppf: 2838 ppct: 25 formats: tig: atl: Transit-oriented economic development: The impact of light rail on new business starts in the Phoenix, AZ Region, USA. aug: au: Credit, Kevin affil: Michigan State University, USA su: United States Built environment Economic development Entrepreneurship Street railroads Transit-oriented development sug: subj: Built environment Economic development United States Urban transit systems Other Urban Transit Systems Commuter Rail Systems Entrepreneurship Street railroads Transit-oriented development keyword: built environment economic development entrepreneurship light rail Transit-Oriented Development (TOD) 公交导向开发 (TOD) 创业 建成环境 经济发展 轻轨 built environment economic development entrepreneurship light rail Transit-Oriented Development (TOD) 公交导向开发 (TOD) 创业 建成环境 经济发展 轻轨 ab: This article examines the impact of Phoenix’s light rail system, which opened in 2008, on new firm formation in specific industries. Individual business data from 1990–2014 are used in a quasi-experimental adjusted-interrupted time series (AITS) regression to compare the impact of the transit system’s construction on new business starts in ‘treatment’ and ‘control’ areas before and after the opening of the line. Findings show that the transit adjacency is worth an 88% increase in knowledge sector new starts, a 40% increase in service sector new starts and a 28% increase in retail new starts at the time the system opened, when compared with automobile-accessible control areas. However, the light rail also appears to suffer from a ‘novelty factor’– after the initial increase in new establishment activity in adjacent block groups, the effect diminishes at the rate of 8%, 6% and 7% per year, respectively. The results also provide insight into the spatial extent of light rail impacts to new business formation, with areas 1 mile from stations observing 21% fewer retail new business starts and 12% fewer knowledge sector new starts than areas within a quarter of a mile of stations. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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