A Study on the Socioeconomic Impacts of Urban Renewal Projects by Using SAM (Social Accounting Matrix)

This study applied the methodology of SAM model to estimate the impacts of urban regeneration projects. It was shown that the scale of support fund injected into urban regeneration projects and socioeconomic impacts by the projects were not in a proportional relationship. Furthermore, each of the particular projects’ impacts on the industry sectors showed almost no difference among them, but showed differences in their impacts among the age groups of residents. Some of the particular projects’ effects did not only occur in the targeted age groups, but in other age groups as well. For example, the anti-gentrification efforts not only influenced the targeted age group but also all the other age groups except for the teenager group. If urban regeneration projects can be planned considering the estimated indirect influences and benefits altogether, we can expect the maximization of positive effects of those projects.