A methodological proposal to estimate changes of residential property value: case study developed in Bogota

Jorge Perdomo Calvo

Applied Economics Letters, 2011, vol. 18, issue 16, 1577-1581

Abstract: This article is an empirical study of residential land values in the vicinity of the TransMilenio system (Bus Rapid Transit, BRT) in Bogota (Colombia). The results have been established through impact evaluation by means of nonparameteric approaches (Propensity Score Matching, PSM) and econometric approaches (Spatial Hedonic Price, SHP) indicating that access to the BRT system generates benefits on the change of property value.

Keywords: TransMilenio; Bogota; impact evaluation; propensity score matching; spatial hedonic price; change of property value (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:18:y:2011:i:16:p:1577-1581

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DOI: 10.1080/13504851.2011.554360

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