Measuring the impact of large-scale transportation projects on land price using spatial statistical models

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Abstract

Large-scale transportation projects such as the construction of a commuter railway accessible to metropolises have a significant regional impact. This study attempts to measure this impact using spatial statistical models and land price data. First, dynamic changes in the land price are analysed and the so-called announcement effect is presented using the spatial interpolation techniques. Second, various types of land price models are constructed by employing the existing methods of spatial econometrics and geostatistics; their estimates and project benefits are compared and discussed, particularly from the viewpoint of policy implications. © 2008 the author(s). Journal compilation © 2008 Regional Science Association International.

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Tsutsumi, M., & Seya, H. (2008). Measuring the impact of large-scale transportation projects on land price using spatial statistical models. In Papers in Regional Science (Vol. 87, pp. 385–401). https://doi.org/10.1111/j.1435-5957.2008.00192.x

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