Wu, Wenjie; Dong, Guanpeng; Wang, Bing - In: The Journal of Real Estate Finance and Economics 50 (2015) 2, pp. 242-269
This paper uses a spatial multi-intervention difference-in-difference method to examine the opening and planning impacts of transport improvements on land markets in a mega-city of China. The results suggest the significant heterogeneity in the capitalization effects from changes in rail access...