A methodological proposal to estimate changes of residential property value: case study developed in Bogota

This article is an empirical study of residential land values in the vicinity of the TransMilenio system (Bus Rapid Transit, BRT) in Bogota´ (Colombia). The results have been established through impact evaluation by means of nonparameteric approaches (Propensity Score Matching, PSM) and econometric approaches (Spatial Hedonic Price, SHP) indicating that access to the BRT system generates benefits on the change of property value.

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Year of publication:	2011-03
Authors:	Andres, Jorge ; Calvo, Perdomo ; Andres, Jorge ; Calvo, Perdomo
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	TransMilenio \| Bogota´ \| impact evaluation \| propensity score matching \| spatial hedonic price \| change of property value

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in Applied Economics Letters 18.16(2011): pp. 1577-1581
Classification:	L92 - Railroads and Other Surface Transportation: Autos, Buses, Trucks and Water Carriers ; C14 - Semiparametric and Nonparametric Methods ; C52 - Model Evaluation and Testing ; C25 - Discrete Regression and Qualitative Choice Models ; R11 - Regional Economic Activity: Growth, Development, and Changes
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011267892