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

Perdomo Calvo Jorge Andres and Perdomo Calvo Jorge Andres
Authors registered in the RePEc Author Service: Jorge Andrès Perdomo Calvo

MPRA Paper from University Library of Munich, Germany

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)
JEL-codes: C14 C25 C52 L92 R11 (search for similar items in EconPapers)
Date: 2011-03
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Citations: View citations in EconPapers (2)

Published in Applied Economics Letters 18.16(2011): pp. 1577-1581

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