Loading...
Please wait, while we are loading the content...
Similar Documents
Urban Rail Transit Development Impacts in Developing Countries: a Case Study of Land Price in Bangkok, Thailand
| Content Provider | Semantic Scholar |
|---|---|
| Author | Oba, Roger M. Yoon, Jong-Won |
| Copyright Year | 2014 |
| Abstract | The rail transit investment impacts on land development and increases in property value are well recognized in developed countries but less investigated in developing countries. This paper has the ultimate goal of examining the extent of the influence of rail transit investment in the context of land price in developing countries. Specifically, this study determines the spatial variation of the relationship between land price, and its attributes and accessibility to transit service. The Bangkok Metropolitan Area of Thailand is selected as a case study. A global regression framework is applied to determine the value of land based on its attributes. The global regression assumes that relationship is constant over space. However, the relationship often might vary across space because the attributes are not the same in different locations. Therefore, the variations of the influences on the land price are revealed by classifying data into different groups of land use such as residential and non-residential and incorporating spatial heterogeneity. The spatial statistical test is based on the geographically weighted regression model (GWR) that allows estimating a model at each observation point. The global regression model showed a significant correlation between land prices and its attributes and accessibility to transit service. However, the GWR model provided a better fit and revealed that rail transit has a positive impact on land price in some areas but negative in others. The increases in private land values generated by public investment such as rail transit development have been expected by developers. This benefit will be definitely reflected to the more than 10 transit lines that are planned for construction in Urban rail transit development impacts in developing countries A case study of land price in Bangkok, Thailand S. Malaitham, D. Nakagawa, R. Matsunaka T. Oba & J. Yoon 13 th WCTR, July 15-18, 2013 – Rio de Janeiro, Brazil 2 the future. Understanding those impacts is necessary in order to allow the public agencies to tax the direct beneficiaries of their investments in the affected districts in advance so as to finance infrastructure projects. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.wctrs-society.com/wp-content/uploads/abstracts/rio/selected/1422.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
