Housing prices, buses and trams in Medellín (Colombia)

Garcia-López, Miquel Àngel and Gómez-Hernández, Luz Yadira ORCID: 0000-0002-1791-5886 (2024) Housing prices, buses and trams in Medellín (Colombia). Research in Transportation Economics, 106. ISSN 0739-8859

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Abstract

This paper aims to establish the impact of two medium-capacity transportation systems (MCTS) on housing prices in Medellín (Colombia): Metroplús, a bus rapid transit (BRT) system, and Tranvía, a tramway system. Using repeated cross-sectional data from the Medellín Quality of Life Survey from 2008 to 2018 and difference-in-differences estimators, we find that Metroplús has a negative impact on the growth of rental prices, whereas Tranvía has a positive impact. We do not find any effect on several other outcomes, such as the perception of quality and coverage of the public transportation in the neighborhoods they serve, and the number of private vehicles in the household.

Item Type:	Article
Official URL:	https://www.sciencedirect.com/journal/research-in-...
Additional Information:	© 2024 The Author(s)
Divisions:	What Works Centre
Subjects:	H Social Sciences > HE Transportation and Communications H Social Sciences > HD Industries. Land use. Labor
JEL classification:	R - Urban, Rural, and Regional Economics > R4 - Transportation Systems > R40 - General R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R58 - Regional Development Policy
Date Deposited:	12 Aug 2024 13:42
Last Modified:	19 Nov 2024 01:36
URI:	http://eprints.lse.ac.uk/id/eprint/124523

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