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Metroplus'S Impact On The Housing Prices In Medellin, Colombia

Author

Listed:
  • 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).)

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.

Suggested Citation

  • Luz Yadira Gómez Hernández & Viktoriya Semeshenko, 2018. "Metroplus'S Impact On The Housing Prices In Medellin, Colombia," Revista de Economía Política de Buenos Aires, Universidad de Buenos Aires. Facultad de Ciencias Económicas., issue 17, pages 155-184, December.
    • Handle: RePEc:ake:repba1:y:2018:i:17:p:155-184
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    More about this item

    Keywords

    Public transportation; Bus Rapid Transit; hedonic price model; difference in difference estimator;
    All these keywords.

    JEL classification:

    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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