打印

作者

来源

LANDSCAPE AND URBAN PLANNING,Vol.171,P.88-97

语言

英文

关键字

Complete Streets; Hedonics; Community design features; Difference-in-differences propensity score matching; TRANSIT-ORIENTED DEVELOPMENT; PROPENSITY SCORE; RAIL TRANSIT; MATCHING APPROACH; PROPERTY-VALUES; HOUSING PRICES; BENEFITS; IMPACT; COMMUNITIES; WA

作者单位

[Vandegrift, Donald; Zanoni, Nicholas] Coll New Jersey, Dept Econ, Sch Business, 2000 Pennington Rd, Ewing, NJ 08628 USA. Vandegrift, D (reprint author), Coll New Jersey, Dept Econ, Sch Business, 2000 Pennington Rd, Ewing, NJ 08628 USA. E-Mail: vandedon@tcnj.edu

摘要

This paper tests whether adoption of a Complete Streets policy (a transport policy and design approach that requires streets to be designed and operated to allow equal access to all people and major forms of transportation, rather than just motor vehicles) has amenity value for local residents by analyzing the link between Complete Streets policy adoption and house prices using a difference-in-differences matching procedure (DIDMP). We employ this DIDMP because commonly employed least-squares-regression techniques may fail to fully account for selection effects. We show that commonly employed least-squares-regression techniques generally overestimate the effect of a Complete Streets policy and using DIDMP we find that Complete Streets policy adoption had no statistically significant effect on house prices.