A Propensity Score Matching and Spatial Hedonic Prices Approach for Estimating Property Value Fluctuations in Bogotá

Jorge Perdomo Calvo

Lecturas de Economía, 2010, issue 73, 49-65

Abstract: The aim of this study is to analyze and compare the results from Propensity Score Matching (PSM) and Spatial Hedonic Prices (SHP) methodologies estimating value fluctuations on residential proprieties in Bogotá (Colombia). Specifically, this study examines value fluctuations on residential properties nearby stations of the Bus Rapid Transit (BRT) system—Transmilenio—. The PSM and SHP approaches suggest additional value increases for residential properties close to BRT stations.

Keywords: Impact evaluation; Propensity Score Matching; Spatial Hedonic Prices; property value fluctuations; TransMilenio (search for similar items in EconPapers)
JEL-codes: C14 C25 C52 L92 R11 (search for similar items in EconPapers)
Date: 2010
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