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Housing impact of long-distance high speed rail

In: High Speed Rail and China’s New Economic Geography

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Abstract

Chapter 4 investigates the impact of long-distance HSR on housing prices in China. The analysis focuses on the 1,016 housing communities in 22 cities along the Beijing-Shanghai HSR line. The tradition of the hedonic pricing model was adopted using three estimation procedures: a robust ordinary-least squares regression, a Box-Cox transformation technique and a spatial econometric model. After controlling for the physical characteristics of housing property, the neighboring environment and locational accessibility, the study finds that the establishment of the Beijing-Shanghai HSR line has a considerable regional impact (including local effects and spillover effects) on housing values in medium and small cities but a negligible impact in larger capital cities.

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  • ., 2019. "Housing impact of long-distance high speed rail," Chapters, in: High Speed Rail and China’s New Economic Geography, chapter 4, pages 100-125, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17024_4
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    File URL: https://www.elgaronline.com/view/9781785366031/chapter04.xhtml
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    Cited by:

    1. Funk, Bryana & Amer, Saud A. & Ward, Frank A., 2023. "Sustainable aquifer management for food security," Agricultural Water Management, Elsevier, vol. 281(C).

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