| Item type |
itemtype_ver1(1) |
| 公開日 |
2024-09-20 |
| タイトル |
|
|
タイトル |
The Impact of Urban Transportation Investment on Property Values : Evidence from the Jakarta’s Mass Rapid Transit (MRT) |
|
言語 |
en |
| 著者 |
Shimizutani, Satoshi
Suzuki, Tomoyoshi
Yamada, Eiji
|
| アクセス権 |
|
|
アクセス権 |
open access |
|
アクセス権URI |
http://purl.org/coar/access_right/c_abf2 |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Mass rapid transit (MRT) |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
property values |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
rents |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Indonesia |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Jakarta |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
Urban transportation infrastructure remains underdeveloped in many low- and middle-income countries and quantitative evidence on impact is limited. We examine the effect of the Jakarta Mass Rapid Transit (MRT), Indonesia’s first urban railway project, on property values. Using a panel dataset of rents for commercial offices and residential apartments along the MRT line, we apply a difference-in-differences estimation to assess the impact of the MRT opening in a quasi-natural experimental setting. We find negative and significant impact of the MRT opening on commercial office rents in areas close to MRT stations, while no significant impact is observed on residential apartments. We argue that the negative impact on commercial offices may be driven by oversupply of rental office properties. Our results suggest that property values may not necessarily increase with urban transit development, posing a challenge for practitioners pursuing transit-oriented development (TOD) and land value capture (LVC) financing for infrastructure. |
|
言語 |
en |
| 出版者 |
|
|
出版者 |
名古屋大学大学院国際開発研究科 |
|
言語 |
ja |
| 出版者 |
|
|
出版者 |
Graduate School of International Development, Nagoya University |
|
言語 |
en |
| 言語 |
|
|
言語 |
eng |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_6501 |
|
資源タイプ |
departmental bulletin paper |
| 出版タイプ |
|
|
出版タイプ |
VoR |
|
出版タイプResource |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| ID登録 |
|
|
ID登録 |
10.18999/disp.217.1 |
|
ID登録タイプ |
JaLC |
| 書誌情報 |
en : GSID Discussion Paper
号 217,
p. 1-41,
発行日 2024-09
|
Discussion_PP_Shimizutani_217.pdf (1.0 MB)
