Assessing the effects of the São Paulo's metropolitan beltway on residential land prices
Autor(a) principal: | |
---|---|
Data de Publicação: | 2013 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Journal of Transport Literature |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312013000200020 |
Resumo: | This paper estimates the effect of highways on land prices using the implementation of the west branch of a large beltway around Sao Paulo Metropolitan Area. This is a unique opportunity since the beltway is being implemented by branches. So, it is possible to use the zones surrounding the branches where construction has actually started as a treatment group to be compared with zones surrounding branches for which construction has not started yet. Since we have a proxy for land price data before and after construction, it is possible to estimate the impact by difference-in-difference. The evidence is that there are significant and asymmetrical effects caused by the highway construction. Parcels located close to ramps outbound of the track observed an increase in price faster than similar zones close to other (planned) branches. For parcels located inbound of the beltway, relatively far from the track (between 2.5 km and 5 km), the effects of construction and delivery/operation faced a (relative) decline in land prices. These results have consequences for transportation finance; betterment levies and value capture taxes; and welfare. |
id |
SBPTR-1_43e2f559ce52a0feb2c9cee0abb186a4 |
---|---|
oai_identifier_str |
oai:scielo:S2238-10312013000200020 |
network_acronym_str |
SBPTR-1 |
network_name_str |
Journal of Transport Literature |
repository_id_str |
|
spelling |
Assessing the effects of the São Paulo's metropolitan beltway on residential land priceshighway impacthedonic pricesland outcomesdifference-in-differenceSão Paulo beltwayThis paper estimates the effect of highways on land prices using the implementation of the west branch of a large beltway around Sao Paulo Metropolitan Area. This is a unique opportunity since the beltway is being implemented by branches. So, it is possible to use the zones surrounding the branches where construction has actually started as a treatment group to be compared with zones surrounding branches for which construction has not started yet. Since we have a proxy for land price data before and after construction, it is possible to estimate the impact by difference-in-difference. The evidence is that there are significant and asymmetrical effects caused by the highway construction. Parcels located close to ramps outbound of the track observed an increase in price faster than similar zones close to other (planned) branches. For parcels located inbound of the beltway, relatively far from the track (between 2.5 km and 5 km), the effects of construction and delivery/operation faced a (relative) decline in land prices. These results have consequences for transportation finance; betterment levies and value capture taxes; and welfare.Sociedade Brasileira de Planejamento dos Transportes2013-04-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312013000200020Journal of Transport Literature v.7 n.2 2013reponame:Journal of Transport Literatureinstname:Sociedade Brasileira de Planejamento dos Transportes (SBPT)instacron:SBPTR10.1590/S2238-10312013000200020info:eu-repo/semantics/openAccessMaciel,Vladimir FernandesBiderman,Ciroeng2013-10-11T00:00:00Zoai:scielo:S2238-10312013000200020Revistahttp://www.journal-of-transport-literature.org/https://old.scielo.br/oai/scielo-oai.php||alessandro.oliveira@pq.cnpq.br|| editor.jtl@gmail.com2238-10312238-1031opendoar:2013-10-11T00:00Journal of Transport Literature - Sociedade Brasileira de Planejamento dos Transportes (SBPT)false |
dc.title.none.fl_str_mv |
Assessing the effects of the São Paulo's metropolitan beltway on residential land prices |
title |
Assessing the effects of the São Paulo's metropolitan beltway on residential land prices |
spellingShingle |
Assessing the effects of the São Paulo's metropolitan beltway on residential land prices Maciel,Vladimir Fernandes highway impact hedonic prices land outcomes difference-in-difference São Paulo beltway |
title_short |
Assessing the effects of the São Paulo's metropolitan beltway on residential land prices |
title_full |
Assessing the effects of the São Paulo's metropolitan beltway on residential land prices |
title_fullStr |
Assessing the effects of the São Paulo's metropolitan beltway on residential land prices |
title_full_unstemmed |
Assessing the effects of the São Paulo's metropolitan beltway on residential land prices |
title_sort |
Assessing the effects of the São Paulo's metropolitan beltway on residential land prices |
author |
Maciel,Vladimir Fernandes |
author_facet |
Maciel,Vladimir Fernandes Biderman,Ciro |
author_role |
author |
author2 |
Biderman,Ciro |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Maciel,Vladimir Fernandes Biderman,Ciro |
dc.subject.por.fl_str_mv |
highway impact hedonic prices land outcomes difference-in-difference São Paulo beltway |
topic |
highway impact hedonic prices land outcomes difference-in-difference São Paulo beltway |
description |
This paper estimates the effect of highways on land prices using the implementation of the west branch of a large beltway around Sao Paulo Metropolitan Area. This is a unique opportunity since the beltway is being implemented by branches. So, it is possible to use the zones surrounding the branches where construction has actually started as a treatment group to be compared with zones surrounding branches for which construction has not started yet. Since we have a proxy for land price data before and after construction, it is possible to estimate the impact by difference-in-difference. The evidence is that there are significant and asymmetrical effects caused by the highway construction. Parcels located close to ramps outbound of the track observed an increase in price faster than similar zones close to other (planned) branches. For parcels located inbound of the beltway, relatively far from the track (between 2.5 km and 5 km), the effects of construction and delivery/operation faced a (relative) decline in land prices. These results have consequences for transportation finance; betterment levies and value capture taxes; and welfare. |
publishDate |
2013 |
dc.date.none.fl_str_mv |
2013-04-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312013000200020 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312013000200020 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/S2238-10312013000200020 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Sociedade Brasileira de Planejamento dos Transportes |
publisher.none.fl_str_mv |
Sociedade Brasileira de Planejamento dos Transportes |
dc.source.none.fl_str_mv |
Journal of Transport Literature v.7 n.2 2013 reponame:Journal of Transport Literature instname:Sociedade Brasileira de Planejamento dos Transportes (SBPT) instacron:SBPTR |
instname_str |
Sociedade Brasileira de Planejamento dos Transportes (SBPT) |
instacron_str |
SBPTR |
institution |
SBPTR |
reponame_str |
Journal of Transport Literature |
collection |
Journal of Transport Literature |
repository.name.fl_str_mv |
Journal of Transport Literature - Sociedade Brasileira de Planejamento dos Transportes (SBPT) |
repository.mail.fl_str_mv |
||alessandro.oliveira@pq.cnpq.br|| editor.jtl@gmail.com |
_version_ |
1750318362287669248 |