Abstract
Land Readjustment projects represent the most conventional and widely-used method in improving urban areas, particularly that about 30% of the areas of DIDs in Japan has been improved utilising this method. The cost of public investment is substantial and the socio-economic impact of this method is far reaching. This paper aims at proposing a method to quantitatively analyse economic effects caused by this type of projects and its validity is examined through the application to recent projects carried out at new urban districts in Osaka Prefecture.
