IDEAS home Printed from https://ideas.repec.org/a/wsi/afexxx/v11y2016i03ns2010495216500147.html
   My bibliography  Save this article

Spatial Patterns Of Economic Rents: Developing Suvarnabhumi International Airport, Thailand

Author

Listed:
  • CHAKARIN BEJRANANDA

    (Institute of Metropolitan Development, Navamindradhiraj University, Bangkok 10300, Thailand)

  • YUK LEE

    (College of Architecture and Planning, University of Colorado Denver, Denver, Co 80202, USA)

  • THANCHANOK BEJRANANDA

    (Institute of Social and Economic Sciences, Dhurakij Pundit University, Bangkok 10210, Thailand)

Abstract

With the rise of the importance of air transportation in the 21st century, the role of economics in airport planning and decision-making has become crucial to the urban structure and land values. This paper examines the relationship between an airport and its impact on the distribution of urban land uses and land values by applying the Alonso’s bid-rent model. Using Suvarnabhumi International Airport as a case study, the analysis was made over three different time periods of airport development. The statistical results confirm that: (i) Alonso’s model can be used to explain the impacts of the airport only for the northeast quadrant of the airport; (ii) proximity to the airport shows an inverse relationship with the land value of all six types of land use activities through three periods of time; and (iii) the land value for commercial land use is the most sensitive to the location of the airport compared to other types of land use activities.

Suggested Citation

  • Chakarin Bejrananda & Yuk Lee & Thanchanok Bejrananda, 2016. "Spatial Patterns Of Economic Rents: Developing Suvarnabhumi International Airport, Thailand," Annals of Financial Economics (AFE), World Scientific Publishing Co. Pte. Ltd., vol. 11(03), pages 1-13, September.
    • Handle: RePEc:wsi:afexxx:v:11:y:2016:i:03:n:s2010495216500147
    DOI: 10.1142/S2010495216500147
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S2010495216500147
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S2010495216500147?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Forsyth, Peter, 2004. "Locational and monopoly rents at airports: creating them and shifting them," Journal of Air Transport Management, Elsevier, vol. 10(1), pages 51-60.
    2. Richard K. Green, 2007. "Airports and Economic Development," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 35(1), pages 91-112, March.
    3. Jan K. Brueckner, 2003. "Airline Traffic and Urban Economic Development," Urban Studies, Urban Studies Journal Limited, vol. 40(8), pages 1455-1469, July.
    4. Leh-Chyan So & Jun-Yang Yu, 2015. "IMPROVED DETECTION OF RARE-EVENT RISK OF A PORTFOLIO WITH U.S. REITs," Annals of Financial Economics (AFE), World Scientific Publishing Co. Pte. Ltd., vol. 10(02), pages 1-25, December.
    5. Nelson, Jon P., 1979. "Airport noise, location rent, and the market for residential amenities," Journal of Environmental Economics and Management, Elsevier, vol. 6(4), pages 320-331, December.
    6. McMillen, Daniel P., 2004. "Airport expansions and property values: the case of Chicago O'Hare Airport," Journal of Urban Economics, Elsevier, vol. 55(3), pages 627-640, May.
    7. Ricardo Flores-Fillol & Rosella Nicolini, "undated". "Aerotropolis: an aviation-linked space," Working Papers 283, Barcelona School of Economics.
    8. Sun Sheng Han & Ann Basuki, 2001. "The Spatial Pattern of Land Values in Jakarta," Urban Studies, Urban Studies Journal Limited, vol. 38(10), pages 1841-1857, September.
    9. Warren R. Seyfried, 1963. "The Centrality of Urban Land Values," Land Economics, University of Wisconsin Press, vol. 39(3), pages 275-284.
    10. Golaszewski, Richard, 2004. "Location rents and the experience of US airports—lessons learned from off-airport entities," Journal of Air Transport Management, Elsevier, vol. 10(1), pages 61-69.
    11. Peiser, Richard B., 1987. "The determinants of nonresidential urban land values," Journal of Urban Economics, Elsevier, vol. 22(3), pages 340-360, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chakarin Bejrananda & Yuk Lee & Thanchanok Khamkaew, 2015. "The Spatial Pattern of Economic Rents of An Airport Development Area: Lessons Learned from the Suvarnabhumi International Airport, Thailand," Proceedings of International Academic Conferences 2604285, International Institute of Social and Economic Sciences.
    2. Wai Hong Kan Tsui & David Tat Wei Tan & Song Shi, 2017. "Impacts of airport traffic volumes on house prices of New Zealand’s major regions: A panel data approach," Urban Studies, Urban Studies Journal Limited, vol. 54(12), pages 2800-2817, September.
    3. Jankiewicz, Jacek & Huderek-Glapska, Sonia, 2016. "The air transport market in Central and Eastern Europe after a decade of liberalisation – Different paths of growth," Journal of Transport Geography, Elsevier, vol. 50(C), pages 45-56.
    4. Hubbard, John R. & Mitra, Subhro & Miller, Chad R., 2019. "Analyzing human capital as a component of the aerotropolis model," Journal of Air Transport Management, Elsevier, vol. 78(C), pages 63-70.
    5. Brueckner, Jan K. & Picard, Pierre M., 2015. "Where and when to invest in infrastructure," Regional Science and Urban Economics, Elsevier, vol. 53(C), pages 123-134.
    6. Bernardo, Valeria & Fageda, Xavier, 2019. "Globalization, long-haul flights and inter-city connections," Economics of Transportation, Elsevier, vol. 19(C), pages 1-1.
    7. Pere Suau-Sanchez & Guillaume Burghouwt & Xavier Fageda, 2016. "Reinterpreting EU Air Transport Deregulation: A Disaggregated Analysis of the Spatial Distribution of Traffic in Europe, 1990–2009," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 107(1), pages 48-65, February.
    8. Redondi, Renato & Malighetti, Paolo & Paleari, Stefano, 2013. "European connectivity: the role played by small airports," Journal of Transport Geography, Elsevier, vol. 29(C), pages 86-94.
    9. Thierry Bréchet & Pierre M. Picard, 2010. "The Price Of Silence: Markets For Noise Licenses And Airports," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(4), pages 1097-1125, November.
    10. Alderighi, Marco & Gaggero, Alberto A., 2017. "Fly and trade: Evidence from the Italian manufacturing industry," Economics of Transportation, Elsevier, vol. 9(C), pages 51-60.
    11. Stephen Gibbons & Wenjie Wu, 2017. "Airports, Market Access and Local Economic Performance: Evidence from China," SERC Discussion Papers 0211, Centre for Economic Performance, LSE.
    12. Alkaabi, Khaula A. & Debbage, Keith G., 2011. "The geography of air freight: connections to U.S. metropolitan economies," Journal of Transport Geography, Elsevier, vol. 19(6), pages 1517-1529.
    13. Talebian, Ahmadreza & Zou, Bo & Hansen, Mark, 2018. "Assessing the impacts of state-supported rail services on local population and employment: A California case study," Transport Policy, Elsevier, vol. 63(C), pages 108-121.
    14. Nicholas Sheard, 2015. "Airport Improvements and Urban Growth," AMSE Working Papers 1509, Aix-Marseille School of Economics, France.
    15. Allroggen, Florian & Malina, Robert & Lenz, Ann-Katrin, 2013. "Which factors impact on the presence of incentives for route and traffic development? Econometric evidence from European airports," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 60(C), pages 49-61.
    16. Hu, Yi & Xiao, Jin & Deng, Ying & Xiao, Yi & Wang, Shouyang, 2015. "Domestic air passenger traffic and economic growth in China: Evidence from heterogeneous panel models," Journal of Air Transport Management, Elsevier, vol. 42(C), pages 95-100.
    17. Yan, Jia & Oum, Tae Hoon, 2014. "The effect of government corruption on the efficiency of US commercial airports," Journal of Urban Economics, Elsevier, vol. 80(C), pages 119-132.
    18. Volodymyr Bilotkach, 2015. "Are airports engines of economic development? A dynamic panel data approach," Urban Studies, Urban Studies Journal Limited, vol. 52(9), pages 1577-1593, July.
    19. Sheard, Nicholas, 2014. "Airports and urban sectoral employment," Journal of Urban Economics, Elsevier, vol. 80(C), pages 133-152.
    20. Fageda, Xavier & Jiménez, Juan Luis & Valido, Jorge, 2017. "An empirical evaluation of the effects of European public policies on island airfares," Transportation Research Part A: Policy and Practice, Elsevier, vol. 106(C), pages 288-299.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:afexxx:v:11:y:2016:i:03:n:s2010495216500147. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/afe/afe.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.