Ahlfeldt, Gabriel M.
The train has left the station: do markets value intra-city access to inter-city rail connections?
German economic review, 12
Full text not available from this repository.
This paper is the first to provide a micro-level analysis of the impact of inter-city rail connections on property prices. We use the variation in mainline accessibility provided by the reorganization of the rail system in postunification Berlin to isolate accessibility effects from correlated individual location effects. Evidence does not support the existence of localized effects on location productivity and household utility. While the city since unification has undergone significant changes in its spatial structure, these effects cannot be attributed to the new transport concept. Our findings question the justification for committing substantial public funds for downtown rail redevelopment projects.
||© 2011 The author. German Economic Review © 2010 Verein für Socialpolitik
||ISI, property prices, transport innovation, inter-city connection, mainline, Berlin
|Library of Congress subject classification:
||H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
|Journal of Economic Literature Classification System:
||R - Urban, Rural, and Regional Economics > R2 - Household Analysis > R21 - Housing Demand
R - Urban, Rural, and Regional Economics > R4 - Transportation Systems > R40 - General
R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R53 - Public Facility Location Analysis; Public Investment and Capital Stock
||Departments > Geography and Environment
Collections > Economists Online
||10 Aug 2010 08:42
Actions (login required)
||Record administration - authorised staff only