This paper presents an analysis of elevation gradient and temporal future-station effects in urban real estate markets. Using an extraordinary dataset from the Hong Kong publicly-constructed housing sector, we find enormous housing price effects caused by levels of terrain incline between...

Meta-analysis is applied to the negative relationship between airport noise exposure and residential property values. The effect size in the analysis is the percent depreciation per decibel increase in airport noise, or the noise discount. Twenty hedonic property value studies are analyzed,...

This study investigates the spatial impact of urban transit systems on housing prices with a focus on three Chinese metropolitan areas -- Guangzhou, Wuhan and Chengdu. Based on a dataset of 7,348 housing properties located in 14 cities, a spatial hedonic modeling approach is adopted to assess...

This paper estimates wider economic impacts related to productivity from transport networks in Hong Kong in 2016. Specifically, we use an instrumental variable approach to identify the causal effect of transport network centralities on productivity measured by gross value added. Our...

While there is an increasing body of literature testing for a correlation between access to regional markets and economic activity, little evidence is available for market access being of causal importance for economic development. This paper investigates the impact of exogenous variation to...

This paper evaluates the effect of high-speed rail (THSR) on the land prices of targeted regions (THSR regions) in Taipei,China using prefectural-level data from 1993 to 2017. The construction of THSR started in 2000 and was finished in 2006. The THSR line to Zuoying (Kaohsiung City) first...

This paper focuses on the channels through which stadium externalities capitalize into property prices. We investigate two of the largest stadium investment projects of the recent decade – the New Wembley and the Emirates stadium in London, UK. Evidence suggests positive stadium externalities,...

This paper employs a hedonic price model to explain standard land values in Berlin. Impact on land values is assessed for the two city airports situated in Berlin, Germany, Tempelhof and Tegel. Empirical results confirm expectations about the impact of various attributes on land values. Areas...

This paper employs a hedonic price model to explain standard land values in Berlin. Impact on land values is assessed for the two city airports situated in Berlin, Germany, Tempelhof and Tegel. Empirical results confirm expectations about the impact of various attributes on land values. Areas...

Given the limited availability of data in South Korea, this study proposes a method by which to estimate regional capital stock by modifying the benchmark year method (BYM) and applies it to estimate regional net capital stock by sector in transport infrastructure. First, it estimates...