Detailed Information on Publication Record
2023
Expected transport accessibility improvement and house prices: Evidence from the construction of an undersea road tunnel system
MIKULA, Štěpán and Peter MOLNÁRBasic information
Original name
Expected transport accessibility improvement and house prices: Evidence from the construction of an undersea road tunnel system
Authors
MIKULA, Štěpán (203 Czech Republic, guarantor, belonging to the institution) and Peter MOLNÁR (578 Norway)
Edition
JOURNAL OF TRANSPORT GEOGRAPHY, ENGLAND, ELSEVIER SCI LTD, 2023, 0966-6923
Other information
Language
English
Type of outcome
Článek v odborném periodiku
Field of Study
50202 Applied Economics, Econometrics
Country of publisher
United Kingdom of Great Britain and Northern Ireland
Confidentiality degree
není předmětem státního či obchodního tajemství
References:
Impact factor
Impact factor: 6.100 in 2022
RIV identification code
RIV/00216224:14560/23:00134164
Organization unit
Faculty of Economics and Administration
UT WoS
001037508400001
Keywords in English
Transport accessibility;Expectations;House prices;Ryfast tunnel system construction;Norway
Tags
International impact, Reviewed
Změněno: 29/11/2023 15:34, Mgr. Pavlína Kurková
Abstract
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.
Links
| GF20-18033L, research and development project |
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