Does high-speed rail accessibility influence residential property prices? Hedonic estimates from southern Taiwan

被引：137

作者：

Andersson, David Emanuel ^{[1
]}

Shyr, Oliver F. ^{[2
]}

Fu, Johnson ^{[2
]}

机构：

[1] Natl Sun Yat Sen Univ, Inst Publ Affairs Management, Kaohsiung 80424, Taiwan

[2] Natl Cheng Kung Univ, Dept Urban Planning, Tainan 701, Taiwan

来源：

JOURNAL OF TRANSPORT GEOGRAPHY | 2010年 / 18卷 / 01期

关键词：

Accessibility; Hedonic; Box-Cox; High-speed rail; IMPACT;

D O I：

10.1016/j.jtrangeo.2008.10.012

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A new high-speed railway line (HSR) connects seven metropolitan areas in Taiwan. From Tainan, it is possible to reach Kaohsiung, Chiayi and Taichung in less than one hour, implying an enlarged spatial range of feasible commuting opportunities. The implicit price of HSR accessibility is estimated using hedonic price functions for the residential property market. The results of pre-specified and Box-Cox hedonic price functions are compared. The estimated functions show that HSR accessibility has at most a minor effect on house prices. High ticket prices and entrenched residential location patterns prevent otherwise feasible daily commuting opportunities between Tainan and other cities. (C) 2008 Elsevier Ltd. All rights reserved.

引用

页码：166 / 174

页数：9

共 21 条

[1] A COMPARISON OF THE BOX-COX MAXIMUM-LIKELIHOOD ESTIMATOR AND THE NON-LINEAR 2-STAGE LEAST-SQUARES ESTIMATOR [J].