文章基本信息

标题：The effect of the Dubai Metro on the value of residential and commercial properties
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作者：Sara Ishaq Mohammad ; Daniel J. Graham ; Patricia C. Melo 等
期刊名称：Journal of Transport and Land Use
印刷版ISSN：1938-7849
出版年度：2017
卷号：10
期号：1
DOI：10.5198/jtlu.2015.750
语种：English
出版社：University of Minnesota * Department of Civil, Environmental, and Geo-Engineering
摘要：This paper analyzes the impact of the newly operated Dubai Metro on the sale transaction value of dwellings and commercial properties. The effect is estimated for properties within different catchment zones of a metro station using difference-in-differences and hedonic pricing methods on both repeated cross-sectional data and pseudo panel data. Our estimates show a positive effect of the metro on sale values of both residential and commercial properties, although the effect is stronger for commercial properties. The models also reveal that the effect of the metro on the value of dwellings and commercial properties is largest within 701 to 900 meters of a metro station and is about 13 percent and 76 percent, respectively.
关键词：Difference-in-differences; hedonic pricing; Dubai Metro; pseudo panel data; repeated cross-sectional data