Urban Pull: The Roles of Amenities and Employment

The Role of Environmental Amenities in the Urban Economy: Evidence From a Spatial General Equilibrium Approach

“…This suggests that destinations that are one-kilometer further away from a place of residence receive 16.9% less visits from the its residents on average. Specifically, the distance slope for bilateral consumption trips (-0.414) is much steeper relative to that of commuting trips (-0.100), consistent with estimates in the literature (Miyauchi et al, 2020;Hausman et al, 2021) 11 . The estimates reveal that consumers' perceived cost of travel is a few times higher when traveling for services, compared 2021) 12 .…”