METROPLUS'S IMPACT ON THE HOUSING PRICES IN MEDELLIN, COLOMBIA

Luz Yadira Gómez Hernández () and Viktoriya Semeshenko ()
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Luz Yadira Gómez Hernández: Grupo de Investigación “Economía, cultura y políticas”, FCHE, Universidad Nacional de Colombia - Sede Medellín
Viktoriya Semeshenko: Universidad de Buenos Aires. Facultad de Ciencias Económicas. Buenos Aires, Argentina. CONICET-Universidad de Buenos Aires. Instituto Interdisciplinario de Economía Política de Buenos Aires (IIEP-BAIRES).

Revista de Economía Política de Buenos Aires, 2018, issue 17, 155-184

Abstract: This paper aims to establish the impact of the Metroplús, the BRT system of Medellin, on housing prices in the city using repeated cross-section data from the Encuesta de Calidad de Vida de Medellín 2010 and 2014. Through a Difference-in-Differences estimation on the city level as well as per areas, the research found that accessibility to Metroplus had a negative impact on the renting prices growth rate associated with differences in its implementation and results across the urban area.

Keywords: Public transportation; Bus Rapid Transit; hedonic price model; difference in difference estimator (search for similar items in EconPapers)
JEL-codes: O18 R53 R58 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ake:repba1:y:2018:i:17:p:155-184

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