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Employment Subcenters and Land Values in a Polycentric Urban Area: The Case of Chicago

Author

Listed:
  • J F McDonald

    (Department of Economics, University of Illinois at Chicago, Chicago, IL 60680, USA)

  • D P McMillen

    (Department of Economics, University of Oregon, Eugene, OR 97403, USA)

Abstract
In some previous empiricial research metropolitan Chicago has been considered as a polycentric urban area. This prior research is reviewed and new results are presented on the identification of employment subcenters and the effects of such subcenters on residential land values. The empirical tests confirm that the O'Hare Airport area has emerged as a significant employment subcenter. Several other employment subcenters exist or have existed in the past, and one subcenter had a positive impact on land values in 1928.

Suggested Citation

  • J F McDonald & D P McMillen, 1990. "Employment Subcenters and Land Values in a Polycentric Urban Area: The Case of Chicago," Environment and Planning A, , vol. 22(12), pages 1561-1574, December.
  • Handle: RePEc:sae:envira:v:22:y:1990:i:12:p:1561-1574
    DOI: 10.1068/a221561
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    References listed on IDEAS

    as
    1. McDonald, John F., 1980. "The use of proxy variables in housing price analysis," Journal of Urban Economics, Elsevier, vol. 7(1), pages 75-83, January.
    2. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    3. Bender, Bruce & Hwang, Hae-Shin, 1985. "Hedonic housing price indices and secondary employment centers," Journal of Urban Economics, Elsevier, vol. 17(1), pages 90-107, January.
    Full references (including those not matched with items on IDEAS)

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