Anticipation and post-construction impact of a metro extension on residential values: The case of Laval (Canada), 1995–2013
The application of hedonic pricing models has a long history in estimating the externalities associated with urban infrastructure, such as public transportation. However, results accuracy crucially depends on methodological and empirical considerations such as: i) presence of spatial latent componen...
Gespeichert in:
Veröffentlicht in: | Journal of transport geography 2017-06, Vol.62, p.8-19 |
---|---|
Hauptverfasser: | , , |
Format: | Artikel |
Sprache: | eng |
Schlagworte: | |
Online-Zugang: | Volltext |
Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
container_end_page | 19 |
---|---|
container_issue | |
container_start_page | 8 |
container_title | Journal of transport geography |
container_volume | 62 |
creator | Devaux, Nicolas Dubé, Jean Apparicio, Philippe |
description | The application of hedonic pricing models has a long history in estimating the externalities associated with urban infrastructure, such as public transportation. However, results accuracy crucially depends on methodological and empirical considerations such as: i) presence of spatial latent component (spatial autocorrelation); ii) temporal breaks related to different periods over which the infrastructure is built; and iii) heterogeneity of the effect along the line and stations. This paper aims to assess the impact of Montréal's metro extension to the suburb city of Laval (announced in 1998 and started operating in 2007). A spatial difference-in-difference (SDID) estimator based on a repeated sales approach is used to isolate the impact of the proximity to the new infrastructure on single-family house prices depending on the implementation phases and the stations. The results suggest that among the three new infrastructures, only one shows a positive impact of proximity after the first operation of the transit service. The study results tend to relativize the sometimes high expectations in terms of economic impacts of such a project, at least for residential properties. |
doi_str_mv | 10.1016/j.jtrangeo.2017.05.002 |
format | Article |
fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_1970946847</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>S0966692316305075</els_id><sourcerecordid>1970946847</sourcerecordid><originalsourceid>FETCH-LOGICAL-c454t-c6db539b93f137ca141938c74693394a53659b2ad5226f85f974023be293b9933</originalsourceid><addsrcrecordid>eNqFUE2LFDEQDaLguPoXJOBlBbvNRyc92ZPLoK4w4GU9h-p09W6amaRNMst6WPA_-A_9JWZ29CwUFFS99-rVI-Q1Zy1nXL-f27kkCDcYW8F43zLVMiaekBVf97LhQuqnZMWM1o02Qj4nL3KeWQVyJlbk4TIU7_wCxcdAIYx0ibk0LoZc0sE9Tv1-AVdonCjQPZYUKd4XDPm4q5Uw-xGrDOzoHewOmC_o9S1SBxmPpC3UKT3fQIAR3r6j3Bj1--ev6lW-JM8m2GV89befkW-fPl5vrprt189fNpfbxnWqq270OChpBiMnLnsHvONGrl3faSOl6UBJrcwgYFRC6GmtJtN3TMgBhZGDqZgz8uaku6T4vRosdo6HFOpJy03PTKfXXV9R-oRyKeaccLJL8ntIPyxn9hi1ne2_qO0xasuUrVFX4ocTEesPdx6Tzc5jcDj6hK7YMfr_SfwB0fuKMA</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1970946847</pqid></control><display><type>article</type><title>Anticipation and post-construction impact of a metro extension on residential values: The case of Laval (Canada), 1995–2013</title><source>ScienceDirect Journals (5 years ago - present)</source><creator>Devaux, Nicolas ; Dubé, Jean ; Apparicio, Philippe</creator><creatorcontrib>Devaux, Nicolas ; Dubé, Jean ; Apparicio, Philippe</creatorcontrib><description>The application of hedonic pricing models has a long history in estimating the externalities associated with urban infrastructure, such as public transportation. However, results accuracy crucially depends on methodological and empirical considerations such as: i) presence of spatial latent component (spatial autocorrelation); ii) temporal breaks related to different periods over which the infrastructure is built; and iii) heterogeneity of the effect along the line and stations. This paper aims to assess the impact of Montréal's metro extension to the suburb city of Laval (announced in 1998 and started operating in 2007). A spatial difference-in-difference (SDID) estimator based on a repeated sales approach is used to isolate the impact of the proximity to the new infrastructure on single-family house prices depending on the implementation phases and the stations. The results suggest that among the three new infrastructures, only one shows a positive impact of proximity after the first operation of the transit service. The study results tend to relativize the sometimes high expectations in terms of economic impacts of such a project, at least for residential properties.</description><identifier>ISSN: 0966-6923</identifier><identifier>EISSN: 1873-1236</identifier><identifier>DOI: 10.1016/j.jtrangeo.2017.05.002</identifier><language>eng</language><publisher>Kidlington: Elsevier Ltd</publisher><subject>Cities ; Construction ; Data processing ; Economic impact ; Hedonic pricing model ; Housing prices ; Housing values ; Infrastructure ; Public transportation ; Repeated sales approach ; Residential buildings ; Spatial difference-in-differences (SDID) estimator ; Spatial distribution ; Spatiotemporal analysis ; Subway stations ; Subways ; Urban transportation</subject><ispartof>Journal of transport geography, 2017-06, Vol.62, p.8-19</ispartof><rights>2017 Elsevier Ltd</rights><rights>Copyright Elsevier BV Jun 2017</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c454t-c6db539b93f137ca141938c74693394a53659b2ad5226f85f974023be293b9933</citedby><cites>FETCH-LOGICAL-c454t-c6db539b93f137ca141938c74693394a53659b2ad5226f85f974023be293b9933</cites><orcidid>0000-0003-3445-3449 ; 0000-0003-4021-9077 ; 0000-0001-6466-9342</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/j.jtrangeo.2017.05.002$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,780,784,3548,27923,27924,45994</link.rule.ids></links><search><creatorcontrib>Devaux, Nicolas</creatorcontrib><creatorcontrib>Dubé, Jean</creatorcontrib><creatorcontrib>Apparicio, Philippe</creatorcontrib><title>Anticipation and post-construction impact of a metro extension on residential values: The case of Laval (Canada), 1995–2013</title><title>Journal of transport geography</title><description>The application of hedonic pricing models has a long history in estimating the externalities associated with urban infrastructure, such as public transportation. However, results accuracy crucially depends on methodological and empirical considerations such as: i) presence of spatial latent component (spatial autocorrelation); ii) temporal breaks related to different periods over which the infrastructure is built; and iii) heterogeneity of the effect along the line and stations. This paper aims to assess the impact of Montréal's metro extension to the suburb city of Laval (announced in 1998 and started operating in 2007). A spatial difference-in-difference (SDID) estimator based on a repeated sales approach is used to isolate the impact of the proximity to the new infrastructure on single-family house prices depending on the implementation phases and the stations. The results suggest that among the three new infrastructures, only one shows a positive impact of proximity after the first operation of the transit service. The study results tend to relativize the sometimes high expectations in terms of economic impacts of such a project, at least for residential properties.</description><subject>Cities</subject><subject>Construction</subject><subject>Data processing</subject><subject>Economic impact</subject><subject>Hedonic pricing model</subject><subject>Housing prices</subject><subject>Housing values</subject><subject>Infrastructure</subject><subject>Public transportation</subject><subject>Repeated sales approach</subject><subject>Residential buildings</subject><subject>Spatial difference-in-differences (SDID) estimator</subject><subject>Spatial distribution</subject><subject>Spatiotemporal analysis</subject><subject>Subway stations</subject><subject>Subways</subject><subject>Urban transportation</subject><issn>0966-6923</issn><issn>1873-1236</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2017</creationdate><recordtype>article</recordtype><recordid>eNqFUE2LFDEQDaLguPoXJOBlBbvNRyc92ZPLoK4w4GU9h-p09W6amaRNMst6WPA_-A_9JWZ29CwUFFS99-rVI-Q1Zy1nXL-f27kkCDcYW8F43zLVMiaekBVf97LhQuqnZMWM1o02Qj4nL3KeWQVyJlbk4TIU7_wCxcdAIYx0ibk0LoZc0sE9Tv1-AVdonCjQPZYUKd4XDPm4q5Uw-xGrDOzoHewOmC_o9S1SBxmPpC3UKT3fQIAR3r6j3Bj1--ev6lW-JM8m2GV89befkW-fPl5vrprt189fNpfbxnWqq270OChpBiMnLnsHvONGrl3faSOl6UBJrcwgYFRC6GmtJtN3TMgBhZGDqZgz8uaku6T4vRosdo6HFOpJy03PTKfXXV9R-oRyKeaccLJL8ntIPyxn9hi1ne2_qO0xasuUrVFX4ocTEesPdx6Tzc5jcDj6hK7YMfr_SfwB0fuKMA</recordid><startdate>201706</startdate><enddate>201706</enddate><creator>Devaux, Nicolas</creator><creator>Dubé, Jean</creator><creator>Apparicio, Philippe</creator><general>Elsevier Ltd</general><general>Elsevier BV</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7ST</scope><scope>C1K</scope><scope>SOI</scope><orcidid>https://orcid.org/0000-0003-3445-3449</orcidid><orcidid>https://orcid.org/0000-0003-4021-9077</orcidid><orcidid>https://orcid.org/0000-0001-6466-9342</orcidid></search><sort><creationdate>201706</creationdate><title>Anticipation and post-construction impact of a metro extension on residential values: The case of Laval (Canada), 1995–2013</title><author>Devaux, Nicolas ; Dubé, Jean ; Apparicio, Philippe</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c454t-c6db539b93f137ca141938c74693394a53659b2ad5226f85f974023be293b9933</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2017</creationdate><topic>Cities</topic><topic>Construction</topic><topic>Data processing</topic><topic>Economic impact</topic><topic>Hedonic pricing model</topic><topic>Housing prices</topic><topic>Housing values</topic><topic>Infrastructure</topic><topic>Public transportation</topic><topic>Repeated sales approach</topic><topic>Residential buildings</topic><topic>Spatial difference-in-differences (SDID) estimator</topic><topic>Spatial distribution</topic><topic>Spatiotemporal analysis</topic><topic>Subway stations</topic><topic>Subways</topic><topic>Urban transportation</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Devaux, Nicolas</creatorcontrib><creatorcontrib>Dubé, Jean</creatorcontrib><creatorcontrib>Apparicio, Philippe</creatorcontrib><collection>CrossRef</collection><collection>Environment Abstracts</collection><collection>Environmental Sciences and Pollution Management</collection><collection>Environment Abstracts</collection><jtitle>Journal of transport geography</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Devaux, Nicolas</au><au>Dubé, Jean</au><au>Apparicio, Philippe</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Anticipation and post-construction impact of a metro extension on residential values: The case of Laval (Canada), 1995–2013</atitle><jtitle>Journal of transport geography</jtitle><date>2017-06</date><risdate>2017</risdate><volume>62</volume><spage>8</spage><epage>19</epage><pages>8-19</pages><issn>0966-6923</issn><eissn>1873-1236</eissn><abstract>The application of hedonic pricing models has a long history in estimating the externalities associated with urban infrastructure, such as public transportation. However, results accuracy crucially depends on methodological and empirical considerations such as: i) presence of spatial latent component (spatial autocorrelation); ii) temporal breaks related to different periods over which the infrastructure is built; and iii) heterogeneity of the effect along the line and stations. This paper aims to assess the impact of Montréal's metro extension to the suburb city of Laval (announced in 1998 and started operating in 2007). A spatial difference-in-difference (SDID) estimator based on a repeated sales approach is used to isolate the impact of the proximity to the new infrastructure on single-family house prices depending on the implementation phases and the stations. The results suggest that among the three new infrastructures, only one shows a positive impact of proximity after the first operation of the transit service. The study results tend to relativize the sometimes high expectations in terms of economic impacts of such a project, at least for residential properties.</abstract><cop>Kidlington</cop><pub>Elsevier Ltd</pub><doi>10.1016/j.jtrangeo.2017.05.002</doi><tpages>12</tpages><orcidid>https://orcid.org/0000-0003-3445-3449</orcidid><orcidid>https://orcid.org/0000-0003-4021-9077</orcidid><orcidid>https://orcid.org/0000-0001-6466-9342</orcidid><oa>free_for_read</oa></addata></record> |
fulltext | fulltext |
identifier | ISSN: 0966-6923 |
ispartof | Journal of transport geography, 2017-06, Vol.62, p.8-19 |
issn | 0966-6923 1873-1236 |
language | eng |
recordid | cdi_proquest_journals_1970946847 |
source | ScienceDirect Journals (5 years ago - present) |
subjects | Cities Construction Data processing Economic impact Hedonic pricing model Housing prices Housing values Infrastructure Public transportation Repeated sales approach Residential buildings Spatial difference-in-differences (SDID) estimator Spatial distribution Spatiotemporal analysis Subway stations Subways Urban transportation |
title | Anticipation and post-construction impact of a metro extension on residential values: The case of Laval (Canada), 1995–2013 |
url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-11T07%3A48%3A05IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Anticipation%20and%20post-construction%20impact%20of%20a%20metro%20extension%20on%20residential%20values:%20The%20case%20of%20Laval%20(Canada),%201995%E2%80%932013&rft.jtitle=Journal%20of%20transport%20geography&rft.au=Devaux,%20Nicolas&rft.date=2017-06&rft.volume=62&rft.spage=8&rft.epage=19&rft.pages=8-19&rft.issn=0966-6923&rft.eissn=1873-1236&rft_id=info:doi/10.1016/j.jtrangeo.2017.05.002&rft_dat=%3Cproquest_cross%3E1970946847%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1970946847&rft_id=info:pmid/&rft_els_id=S0966692316305075&rfr_iscdi=true |