Why Doesn’t Capital Flow From Rich to Poor Neighborhoods?

Excerpt from Principles of Macroeconomics: An Evolutionary Approach, by Max Gillman, Published by Kendall Hunt; January, 2017.

Explaining urban blight remains part of the urban policy’s main challenges. Support has been found for how public capital amenities such as transportation aides the development of city centers during expansionary periods. Evidence also suggests that prices tend to rise faster in urban city centers than in more outlying areas during expansionary periods.