Heavy Lifting - thoughts and web finds by an economist
     I also contribute to Division of Labour Load HL's Front Page
Wednesday, December 08, 2010

what is the value of the train?

A paper in the current German Economic Review investigates the impact of intercity rail connections on local property values. This is potentially important as more public dollars are spent on creating intercity train links - if people don't value them then why do it (other than obvious rent-seeking)?

Here is the abstract:

Abstract. This paper is the first to provide a micro-level analysis of the impact of intercity rail connections on property prices. We use the variation in mainline accessibility provided by the reorganization of the rail system in post-unification Berlin to isolate accessibility effects from correlated individual location effects. Evidence does not support the existence of localized effects on location productivity and household utility. While the city, since unification, has undergone significant changes in its spatial structure, these effects cannot be attributed to the new transport concept. Our findings question the justification for committing substantial public funds to downtown rail redevelopment projects.


The Train has Left the Station: Do Markets Value Intracity Access to Intercity Rail Connections? - Ahlfeldt - 2010 - German Economic Review - Wiley Online Library

Labels: ,

Comments: Post a Comment



Purchase




Le Chai - galerie du vin



Support



Popularity

Posts that contain Craig Depken per day for the last 90 days.



Contacts

Heavy Lifting's Main Page
Email Me
Atom Feed

WWW
Heavy Lifting




Great Links

Money I Found Today

Heavy Lifting - Firehose style (56k warning)



Recent Posts

- what is the value of the train?




Archives


home


Visitors
Site Meter Blogroll Me!



Credits

Modified maystar design
powered by blogger