| 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. |
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@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.
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