Housing prices, buses and trams in Medellín (Colombia)

Miquel-Àngel Garcia-López and Luz Yadira Gómez-Hernández

Research in Transportation Economics, 2024, vol. 106, issue C

Abstract: This paper aims to establish the impact of two medium-capacity transportation systems (MCTS) on housing prices in Medellín (Colombia): Metroplús, a bus rapid transit (BRT) system, and Tranvía, a tramway system. Using repeated cross-sectional data from the Medellín Quality of Life Survey from 2008 to 2018 and difference-in-differences estimators, we find that Metroplús has a negative impact on the growth of rental prices, whereas Tranvía has a positive impact. We do not find any effect on several other outcomes, such as the perception of quality and coverage of the public transportation in the neighborhoods they serve, and the number of private vehicles in the household.

Keywords: Public transportation; MCTS; Real state prices (search for similar items in EconPapers)
JEL-codes: R40 R58 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0739885924000593
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Housing prices, buses and trams in Medellín (Colombia) (2024)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:retrec:v:106:y:2024:i:c:s0739885924000593

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_2&version=01

DOI: 10.1016/j.retrec.2024.101464

Access Statistics for this article

Research in Transportation Economics is currently edited by M. Dresner

More articles in Research in Transportation Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().