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| Id | 638 | |
| Author | Zhou X., Hristova D., Noulas A., Mascolo C., Sklar M. | |
| Title | Cultural investment and urban socio-economic development: A geosocial network approach | |
| Reference | Zhou X., Hristova D., Noulas A., Mascolo C., Sklar M.; Cultural investment and urban socio-economic development: A geosocial network approach ;Royal Society Open Science vol:4 issue: 9.0 page: |
Link to article | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85030211974&doi=10.1098%2frsos.170413&partnerID=40&md5=aecd72aac1382644dea243e6604ae7c4 |
| Abstract | Being able to assess the impact of government-led investment onto socio-economic indicators in cities has long been an important target of urban planning. However, owing to the lack of large-scale data with a fine spatio-temporal resolution, there have been limitations in terms of how planners can track the impact and measure the effectiveness of cultural investment in small urban areas. Taking advantage of nearly 4 million transition records for 3 years in London from a popular location-based social network service, Foursquare, we study how the socio-economic impact of government cultural expenditure can be detected and predicted. Our analysis shows that network indicators such as average clustering coefficient or centrality can be exploited to estimate the likelihood of local growth in response to cultural investment. We subsequently integrate these features in supervised learning models to infer socio-economic deprivation changes for London’s neighbourhoods. This research presents how geosocial and mobile services can be used as a proxy to track and predict socio-economic deprivation changes as government financial effort is put in developing urban areas and thus gives evidence and suggestions for further policymaking and investment optimization. © 2017 The Authors. |
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| This result indicates that putting more effort into culture can lead to the stimulation of local business and the enhancement of vitality for urban areas. . | Culture-led urban regeneration, as one of the main branches of urban regeneration, has received increasing attention globally in recent decades and been applied by a number of governments as a boost to revitalizing depressed urban areas. . | Realizing the positive effects that might be brought, a growing number of cities have begun to put more effort and allocate more financial resources to culture to promote urban regeneration. . | Furthermore, investing more in cultural and related services seems to have the ability to boost local development for deprived areas. . | Generally, investing more in culture is able to promote the growth of network graph in several ways. . | In addition to the benefits mentioned above, another byproduct of culture-led regeneration is creating the city branding, which is thought to be particularly attractive to those international metropolizes with an expectation to make the city an alluring base so as to promote its functional role in the global economy 5,6 . . | Being able to assess the impact of government-led investment onto socio-economic indicators in cities has long been an important target of urban planning. . | Firstly, we have explored the relationship between socio-economic condition, cultural investment and geosocial network graph, finding that spending more on culture can lead to an improvement of local development, especially for more deprived neighbourhoods. . | This assertion lays the foundation of further investigation into the nature of culture-led urban regeneration, where based on existing case studies from the literature 1 and our preliminary analysis, we expect that cultural investment in more deprived areas results in growth. . | This observation verifies the effectiveness of implementing cultural strategies in urban regeneration projects, and illustrates that culture-led regeneration policies are more suitable for underprivileged areas. . |
MESOC has received funding
from Horizon 2020 - the EU Framework Programme
for Research and Innovation (2014-2020) -
under Grant Agreement n°870935.
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