Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 3rd International Conference on Business and Policy Studies
Series Vol. 66 , 05 January 2024
Open
Access | Article
Evaluating the Impact of Green Gentrification -A Case Study of London
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Abstract
In this research, we utilize the Ordinary Least Squares (OLS) regression method to explore the relationship between green gentrification and key socioeconomic factors within London's urban landscape. Our aim is to delve into the impact of introducing or expanding green spaces on residents' lives, particularly in relation to income, life expectancy, well-being, housing costs, and unemployment rates. Through the use of OLS regression and an extensive dataset sourced from empirical evidence, we quantitatively analyze the connections between green gentrification and variations in these socioeconomic variables across different neighborhoods. Our findings reveal noteworthy associations, highlighting positive correlations between green spaces and well-being, life expectancy, and house prices, while also noting a negative correlation with the unemployment rate. These insights contribute to a comprehensive understanding of the complex dynamics between urban development, environmental enhancements, and societal well-being, emphasizing the potential advantages of green gentrification and endorsing inclusive policies. Grounded in the OLS method, our research strengthens the empirical foundation for informed decision-making among policymakers, urban planners, and researchers dedicated to cultivating sustainable and equitable urban environments.
Keywords
Gentrification, social justice, urban economics, urban green space
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-263-3
- ISBN (Online)
- 978-1-83558-264-0
- Published Date
- 05 January 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/66/20241217
- Copyright
- 05 January 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited