URBAN MAGNETISM IN THE GLOBAL CITY FRAMEWORK: EXPLORING THE LINK BETWEEN URBAN FUNCTIONS AND POPULATION GROWTH

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dc.contributor.authorStanković, Jelena J.
dc.contributor.authorMarjanović, Ivana
dc.contributor.authorDrezgić, Saša
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2021-12-09T09:34:57Z
dc.date.available2021-12-09T09:34:57Z
dc.description.abstractDynamics in global processes have led to a number of political, economic and cultural changes that have resulted in the emergence of global cities. In the hierarchy of global cities, those who successfully use the limited available resources and offer an adaptable and flexible living environment, represent the most competitive global cities. Nonetheless, accelerated globalization has conditioned direct competition of global cities for different resources, and one of the most desirable being highly-skilled, talented and creative residents. In such conditions, city leaders face the need to understand the concept and factors of urban magnetism. The analysis of the determinants of urban magnetism can facilitate the formulation of concrete actions aimed at increasing the attractiveness of the city, which ultimately leads to the preservation of long-term socio-economic development of cities. Although financial wellbeing and incentives were considered to be a key factor of urban magnetism, contemporary research approaches have emphasized other factors that may influence urban attractiveness. Starting from that point of view, this paper aims to identify the main urban functions that influence the cities’ size with an analysis focusing on global cities worldwide. The panel regression analysis is applied to the sample of 39 global cities over the period from 2013 until 2019 and the data on urban functions are obtained from the Global Power City Index (GPCI). The results indicate that the size of the global cities population is positively affected by urban functions related to the cultural interaction and accessibility, while research and development function influences negatively on the size of the urban population. Results of the paper led to the conclusion that contemporary urban management strategies need to be defined and implemented aimed at improving the urban magnetism beyond economic performance of the city, focusing on sustainability and urban quality of life.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2021-4-001
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/161022
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectcitiesen
dc.subjectpopulationen
dc.subjectpanel dataen
dc.subjectregression analysisen
dc.subject.classificationC33
dc.subject.classificationJ11
dc.subject.classificationR12
dc.titleURBAN MAGNETISM IN THE GLOBAL CITY FRAMEWORK: EXPLORING THE LINK BETWEEN URBAN FUNCTIONS AND POPULATION GROWTHen
dc.typeArticleen
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local.facultyFaculty of Economics
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local.relation.volume24
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