The Effect of Zoning Regulation on Traditional Markets: A Study using Difference-in-Differences Approach (이중차분모형을 이용한 전통상업보존구역의 규제효과 분석)

Hahn Shik Lee (이한식); Jinhwa Chung (정진화); Kim, Woo-Hyoung (김우형)

The Effect of Zoning Regulation on Traditional Markets: A Study using Difference-in-Differences Approach

Journal of Regulation Studies
2017, 26(2), pp.37-61
Publisher : 한국규제학회
Research Area : Social Science > Public Administration

Hahn Shik Lee ¹, Jinhwa Chung ², Kim, Woo-Hyoung ³

¹서강대학교
²계명대학교
³경희대학교

Accredited

ABSTRACT

In this paper, we investigate the economic impact of zoning regulation on traditional markets in Korea. We estimate the changes in the amount of sales per square meter of traditional market in urban area by conducting panel DID (difference in differences) analysis. Our results show that the zoning regulation, which is called Traditional Commercial Activity Protection Zones, has contributed to reducing SSM’s entry near traditional market, but not to improving in their actual business performance. In particular, unlike large discount stores, which are identified as clear competitor with traditional markets, we could not find any evidence that the SSMs caused the decline of traditional markets in urban area.

KEYWORDS

Zoning regulation, TCAPZ, Large discount store, Super supermarket, Traditional market

Citation status

* References for papers published after 2023 are currently being built.

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This paper was written with support from the National Research Foundation of Korea.

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Journal of Regulation Studies 2023 KCI Impact Factor : 0.78