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Accessibility to center business district and land price

Author

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  • Suparmono

    (Sekolah Tinggi Ilmu Ekonomi Yayasan Keluarga Pahlawan Nasional, Yogyakarta)

Abstract

This paper models land price for housing in Sleman district. It uses a multiple regression model to estimate the land price based on various variables. It finds six variables that influence the land price, namely the land width, width of the nearest road, width of the nearest main road, distance to the nearest main road, distance to Yogyakarta ring road, and the travel time to Gadjah Mada University campus. It also finds four insignificant variables, namely distance to Malioboro road, distance to Gadjah Mada University campus, travel time to Yogyakarta ring road, and travel time to Malioboro.

Suggested Citation

  • Suparmono, 2012. "Accessibility to center business district and land price," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 4(2), pages 143-152, April.
    • Handle: RePEc:uii:journl:v:4:y:2012:i:2:p:143-152
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    References listed on IDEAS

    as
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    4. Catherine Baumont, 2009. "Spatial effects of urban public policies on housing values," Papers in Regional Science, Wiley Blackwell, vol. 88(2), pages 301-326, June.
    5. Blane David Lewis, 2007. "Revisiting the Price of Residential Land in Jakarta," Urban Studies, Urban Studies Journal Limited, vol. 44(11), pages 2179-2194, October.
    6. Kiril Stanilov, 2003. "Accessibility and Land Use: The Case of Suburban Seattle, 1960-1990," Regional Studies, Taylor & Francis Journals, vol. 37(8), pages 783-794.
    7. Oumar Bouare, 2009. "An Evaluation Of David Ricardo¡¯S Theory Of Comparative Costs: Direct And Indirect Critiques," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 34(1), pages 99-125, June.
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    More about this item

    Keywords

    Land price; center of business district; accessibility;
    All these keywords.

    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D49 - Microeconomics - - Market Structure, Pricing, and Design - - - Other

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