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

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. Copyright (c) 2008 the author(s). Journal compilation (c) 2008 RSAI.