Expected transport accessibility improvement and house prices:
Evidence from the construction of an undersea road tunnel
system

J 2023

Expected transport accessibility improvement and house prices: Evidence from the construction of an undersea road tunnel system

MIKULA, Štěpán a Peter MOLNÁR

Základní údaje

Originální název

Expected transport accessibility improvement and house prices: Evidence from the construction of an undersea road tunnel system

Autoři

MIKULA, Štěpán (203 Česká republika, garant, domácí) a Peter MOLNÁR (578 Norsko)

Vydání

JOURNAL OF TRANSPORT GEOGRAPHY, ENGLAND, ELSEVIER SCI LTD, 2023, 0966-6923

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50202 Applied Economics, Econometrics

Stát vydavatele

Velká Británie a Severní Irsko

Utajení

není předmětem státního či obchodního tajemství

Odkazy

Paper

Impakt faktor

Impact factor: 6.100 v roce 2022

Kód RIV

RIV/00216224:14560/23:00134164

Organizační jednotka

Ekonomicko-správní fakulta

DOI

http://dx.doi.org/10.1016/j.jtrangeo.2023.103649

UT WoS

001037508400001

Klíčová slova anglicky

Transport accessibility;Expectations;House prices;Ryfast tunnel system construction;Norway

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 29. 11. 2023 15:34, Mgr. Pavlína Kurková

Anotace

V originále

This paper studies the impact of expected transport accessibility improvement on house prices. We identify the effect exploiting a quasi-natural experiment created by the approval and construction of the Ryfast tunnel system in Rogaland, Norway, which shortened the traveling time to the affected municipality from 62 to 24 min. Estimates of a repeated sales model in a difference-in-differences framework show that the expectation of improvement in transport accessibility connected with the construction of the tunnel system led to an increase in house prices by 12.8% on average. That effect grew as the opening of the tunnel drew closer and was driven by less valuable houses.

Návaznosti

GF20-18033L, projekt VaV

Název: Efekty (dez)integrací na rakousko-české hranici

Investor: Grantová agentura ČR, Effects of (dis-)integrations at the Austrian-Czech border, Partnerská agentura (Rakousko)

Přiložené soubory

1-s2.0-S0966692323001217-main.pdf

Požádat o autorskou verzi souboru

Citovat

MIKULA, Štěpán a Peter MOLNÁR. Expected transport accessibility improvement and house prices: Evidence from the construction of an undersea road tunnel system. JOURNAL OF TRANSPORT GEOGRAPHY. ENGLAND: ELSEVIER SCI LTD, 2023, roč. 111, July, s. 1-13. ISSN 0966-6923. Dostupné z: https://dx.doi.org/10.1016/j.jtrangeo.2023.103649.

@article{2296858,
   author = {Mikula, Štěpán and Molnár, Peter},
   article_location = {ENGLAND},
   article_number = {July},
   doi = {http://dx.doi.org/10.1016/j.jtrangeo.2023.103649},
   keywords = {Transport accessibility;Expectations;House prices;Ryfast tunnel system construction;Norway},
   language = {eng},
   issn = {0966-6923},
   journal = {JOURNAL OF TRANSPORT GEOGRAPHY},
   title = {Expected transport accessibility improvement and house prices: Evidence from the construction of an undersea road tunnel system},
   url = {https://www.sciencedirect.com/science/article/pii/S0966692323001217?via%3Dihub},
   volume = {111},
   year = {2023}
}

TY  - JOUR
ID  - 2296858
AU  - Mikula, Štěpán - Molnár, Peter
PY  - 2023
TI  - Expected transport accessibility improvement and house prices: Evidence from the construction of an undersea road tunnel system
JF  - JOURNAL OF TRANSPORT GEOGRAPHY
VL  - 111
IS  - July
SP  - 1-13
EP  - 1-13
PB  - ELSEVIER SCI LTD
SN  - 09666923
KW  - Transport accessibility;Expectations;House prices;Ryfast tunnel system construction;Norway
UR  - https://www.sciencedirect.com/science/article/pii/S0966692323001217?via%3Dihub
N2  - This paper studies the impact of expected transport accessibility improvement on house prices. We identify the effect exploiting a quasi-natural experiment created by the approval and construction of the Ryfast tunnel system in Rogaland, Norway, which shortened the traveling time to the affected municipality from 62 to 24 min. Estimates of a repeated sales model in a difference-in-differences framework show that the expectation of improvement in transport accessibility connected with the construction of the tunnel system led to an increase in house prices by 12.8% on average. That effect grew as the opening of the tunnel drew closer and was driven by less valuable houses.
ER  -

MIKULA, Štěpán a Peter MOLNÁR. Expected transport accessibility improvement and house prices: Evidence from the construction of an undersea road tunnel system. \textit{JOURNAL OF TRANSPORT GEOGRAPHY}. ENGLAND: ELSEVIER SCI LTD, 2023, roč.~111, July, s.~1-13. ISSN~0966-6923. Dostupné z: https://dx.doi.org/10.1016/j.jtrangeo.2023.103649.

Podrobný výpis o publikaci