Impact of high speed rail on housing values: an observation from the Beijing–Shanghai line.
In: Journal of Transport Geography, Jg. 43 (2015-02-01), S. 91-100
academicJournal
Zugriff:
This study investigates the ex post impact of the Beijing–Shanghai high speed rail (BJHSR) on housing values. A dataset including 1016 housing communities from the 22 cities along the BJHSR line are analyzed in the tradition of the hedonic pricing model using three estimation procedures: a robust ordinary-least square regression, a Box-Cox transformation technique and a spatial econometric model. After controlling for physical characteristics of housing property, neighboring environment and locational accessibility, the study finds that the establishment of the BJHSR service has a considerable regional impact (including local effects and spillover effects) on housing values in medium and small cities but a negligible impact in larger capital cities. This may be the results of the competitive nature of housing market in Chinese capital cities. [ABSTRACT FROM AUTHOR]
Titel: |
Impact of high speed rail on housing values: an observation from the Beijing–Shanghai line.
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Autor/in / Beteiligte Person: | Chen, Zhenhua ; Haynes, Kingsley E. |
Zeitschrift: | Journal of Transport Geography, Jg. 43 (2015-02-01), S. 91-100 |
Veröffentlichung: | 2015 |
Medientyp: | academicJournal |
ISSN: | 0966-6923 (print) |
DOI: | 10.1016/j.jtrangeo.2015.01.012 |
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