Measuring the impacts of Bus Rapid Transit on residential property values: The Beijing case

doi:10.1016/j.retrec.2016.08.005

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	Measuring the impacts of Bus Rapid Transit on residential property values: The Beijing case
	Deng, Taotao 1; Ma, Mulan 2; Nelson, John D.3
刊名	RESEARCH IN TRANSPORTATION ECONOMICS
	2016-12
卷号	60 页码:54-61
关键词	Bus Rapid Transit (BRT) Property value uplift Accessibility
ISSN号	0739-8859
DOI	10.1016/j.retrec.2016.08.005
英文摘要	Bus Rapid Transit (BRT) has emerged as a cost-effective transport system for urban mobility. The study uses the hedonic price model to investigate the impacts of BRT on residential property values in Beijing, where BRT has been in service for over 6 years. The empirical analysis suggests that BRT has positive impacts on surrounding property values. The hedonic price model shows that for every 100-m closer to the BRT station, asking prices of residential properties increase by between 1.32% and 1.39%. The study suggests that accessibility improvement, rather than the type of transit system, has certain influence on property values. The paper underscores the importance of considering the application of value-capture tools to help finance BRT investments and calls for complementary investment policies to enhance property value impacts. (C) 2016 Elsevier Ltd. All rights reserved.
WOS研究方向	Business & Economics ; Transportation
语种	英语
出版者	ELSEVIER SCI LTD
WOS记录号	WOS:000402217400007
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1150]
专题	上海财经大学
通讯作者	Deng, Taotao
作者单位	1.Shanghai Univ Finance & Econ, Sch Urban & Reg Sci, 777 Guoding Rd, Shanghai 200433, Peoples R China; 2.Shanghai Univ Int Business & Econ, Sch Tourism & Event Management, 1900 Wenxiang Rd, Shanghai 201620, Peoples R China; 3.Univ Aberdeen, Fraser Noble Bldg, Aberdeen AB24 3UE, Scotland
推荐引用方式 GB/T 7714	Deng, Taotao,Ma, Mulan,Nelson, John D.. Measuring the impacts of Bus Rapid Transit on residential property values: The Beijing case[J]. RESEARCH IN TRANSPORTATION ECONOMICS,2016,60:54-61.
APA	Deng, Taotao,Ma, Mulan,&Nelson, John D..(2016).Measuring the impacts of Bus Rapid Transit on residential property values: The Beijing case.RESEARCH IN TRANSPORTATION ECONOMICS,60,54-61.
MLA	Deng, Taotao,et al."Measuring the impacts of Bus Rapid Transit on residential property values: The Beijing case".RESEARCH IN TRANSPORTATION ECONOMICS 60(2016):54-61.