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Measuring the spatial effect of public transportation : An empirical study on rental price and metro stations in Shanghai by Jiachen Huang
| Content Provider | Semantic Scholar |
|---|---|
| Author | Huang, Jiachen Zhang, Shuxia |
| Copyright Year | 2019 |
| Abstract | Studies on how to determine rental price have become increasingly important with the development of modern cities. The accessibility to public transportation sites, such as metro stations, is a fundamental factor that influences rental price of housing units. In the past few decades, the e ect of nearby metro stations on rental price was usually estimated via accessibility measures. On the basis of research by Taisuke Sadayuki,1 this paper modifies the theoretical model that relates metro stations proximity to rental prices and then tests this model using data from Shanghai. My model introduces metro passenger tra c data as an improved measure of the quantitative characteristics of the station. Estimation results reveals the spatial e ect of the metro system on housing rents, which decreases with the distance and increases with the quantitative score, and proves the feasibility of applying our proposed model to Shanghai. The modification to the model shows expected improvement by making parameter estimations maintain stable as adding more stations into the model. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://cdn.shanghai.nyu.edu/sites/default/files/jiachen_huang_thesis_nyush_honors_2019.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
