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Capitalization of BRT Network Expansions Effects into Prices of Non-expansion Areas

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dc.contributor.authorRodriguez, Daniel A.
dc.contributor.authorMojica, Carlos H.
dc.date.accessioned2012-03-30T07:30:16Z
dc.date.available2012-03-30T07:30:16Z
dc.date.issued2009
dc.description.abstractA before and after hedonic model is used to determine the property value impacts on properties already served by the transit system caused by extensions to Bogota's bus rapid transit system. Asking prices of residential properties belonging to an intervention area (N = 1,407 before, 1,570 after) or a control area (N = 267 before, 732 after) and offered for sale between 2001 and 2006 are used to determine capitalization of the enhanced regional access provided by the extension. Properties offered during the year the extension was inaugurated and in subsequent years have asking prices that are between 13% and 14% higher than prices for properties in the control area, after adjusting for structural, neighborhood, and regional accessibility characteristics of each property. Furthermore, the appreciation is similar for properties within 500 m and properties between 500 m and 1km of the BRT.en
dc.identifier.citationTransportation Research: Part A: Policy and Practice
dc.identifier.issn09658564
dc.identifier.urihttps://hdl.handle.net/10986/4895
dc.language.isoEN
dc.relation.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holderWorld Bank
dc.subjectRailroads and Other Surface Transportation L920
dc.subjectEconomic Development: Regional, Urban, and Rural Analyses
dc.subjectTransportation O180
dc.subjectTransportation Systems: Government and Private Investment Analysis
dc.subjectRoad Maintenance, Transportation Planning R420
dc.titleCapitalization of BRT Network Expansions Effects into Prices of Non-expansion Areasen
dc.title.alternativeTransportation Research: Part A: Policy and Practiceen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.doctypeJournal Article
okr.externalcontentExternal Content
okr.identifier.externaldocumentum1490
okr.journal.nbpages560-571
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.region.countryColombia
okr.relation.associatedurlhttp://dx.doi.org/10.1016/j.tra.2009.02.003
okr.relation.associatedurlhttp://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1055311&site=ehost-live
okr.relation.associatedurlhttp://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description
okr.volume43
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