Grounded Theory For Assessing Economic Well-Being Loss Of Abandoned Shopping Centre Project

Abstract

This paper attempted to measure the opportunity loss of employment due to abandoned shopping centre development project by way of economic approach with a focus on the development of grounded theory methodology. This study employed both deductive and inductive approaches to conceptualizing the method. Data were analyzed by constant comparison of the comparable properties after building up the body of theory in determining the employment densities of shopping centres. The process, method and theory involved were used to develop a conceptual framework to assess the loss of employment opportunity resulting from an abandoned shopping centre development project. In the process, a market competition of retail supply analysis and conjoint analysis of occupational mobility factor was examined.With 215,700 sq.ft. of net lettable floor space, taking into account other competing shopping centres and the local market situation, as many as 5,118 persons within the catchment area could have lost those opportunities. However, only 3,141 employments can be absorbed by the said abandoned project, thus, the economic well-being loss due to its abandonment. With the average per capita income of RM 1,700 for the Malaysian population, the loss incurred by the society was RM 1,089,298,800 for 17 years of project abandonment.