This paper considers the identification and estimation of a spatial hedonic price model including the variable distance between the local properties and the nearest station of the massive transportation system Transmilenio (TM) in Bogotá, Colombia. We estimate a model to explain variations in...

This article is an empirical study of residential land values in the vicinity of the TransMilenio system (Bus Rapid Transit, BRT) in Bogota' (Colombia). The results have been established through impact evaluation by means of nonparameteric approaches (Propensity Score Matching, PSM) and...

Several articles have theoretically and empirically verified favorable changes in the value (per square meter) of properties near urban mass transit infrastructure. The main purpose of this study was to demonstrate this effect under an unbiased specification using Geographical Information...