Redistributive effects of bus rapid transit (BRT) on development patterns and property values in Seoul, Korea

Transport Policy

Volumn 19, Issue 1, 2012, Pages 85-92

  Jun, Myung Jin ^a  

^a Chung Ang University   (South Korea)

Author keywords

Bus rapid transit (BRT); Integrated urban model; Land use transport interaction; Random utility based model; Redistributive effects of BRT; Seoul

Indexed keywords

BUS TRANSPORT; INPUT-OUTPUT ANALYSIS; LAND USE PLANNING; METROPOLITAN AREA; NUMERICAL MODEL; SUBURBAN AREA; TRANSPORTATION DEVELOPMENT; TRANSPORTATION PLANNING; URBAN GROWTH; URBAN TRANSPORT;

SEOUL [SEOUL (ADS)]; SEOUL [SOUTH KOREA]; SOUTH KOREA;

EID: 80053370002     PISSN: 0967070X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.tranpol.2011.09.003     Document Type: Article

References (34)

1. Bae C.-H., Jun M.-J., Park H. The impact of Seoul's subway line 5 on residential property values. Transport Policy 2003, 10:85-94.
2. Bank of Korea, 2007. Multi-Regional Input-Output Table of 2003, available at: http://ecos.bok.or.kr/.
3. Bajic V. The effects of a new subway line on housing prices in metropolitan Toronto. Urban Studies 1983, 20:147-158.
4. Cervero Robert Light rail transit and urban development. Journal of the American Planning Association 1984, 50(2):133-147.
5. Cervero R. The property value case for transit. Developing Around Transit: Strategies and Solutions that Work 2004, Urban Land Institute, Washington, D.C. R. Dunphy (Ed.).
6. Cervero, R., 1997. Transit-Induced Accessibility and Agglomeration Benefits: A Land Market Evaluation. Berkeley: Institute of Urban and Regional Development, Working Paper 691.
7. Cervero R., Landis J. Twenty years of the bay area rapid transit system: land use and development impacts. Transportation Research Part A 1997, 31(4):309-333.
8. Cervero, Robert, Kang Chang Deok, 2009. Bus Rapid Transit Impacts on Land Uses and Land Values in Seoul, Korea. UCB-ITS-VWP-2009-4 UC Berkeley Center for Future Urban Transport: Institute of Transportation Studies, UC Berkeley.
9. Estupinan N., Rodriguez D. The Relationship between urban form and station boardings for Bogotá's BRT. Transportation Research Part A 2008, 42:296-306.
10. Gatzlaff D.H., Smith M.T. The impact of the Miami Metrorail on the value of residences near station locations. Land Economics 1993, 69(1):54-66.
11. Handy S. Smart growth and the transportation-land use connection: what does the research tell us?. International Regional Science Review 2005, 28(2):1-22.
12. Huang H. The land-use impacts of urban rail transit systems. Journal of Planning Literature 1996, 11:17.
13. Jun M.J. Is Seoul really polycentric?. Journal of Korea Planning Association 1995, 30:285-294.
14. Jun M.J. A Metropolitan Input-output model: multisectoral and multispatial relations of production, income formation, and consumption. Annals of Regional Science 2004, 38:131-147.
15. Jun M.J. Forecasting urban land use demand using a metropolitan input-output model. Environment and Planning A 2005, 37:1311-1328.
16. Jun M.J. The economic effects of Seoul's job decentralization: a metropolitan input-output analysis. Journal of Regional Science 2009, 49(2):311-327.
17. Jun, M.J. The economic costs and transportation benefits of Seoul s industrial land use controls. Urban Studies. In press-a. http://10.1177/0042098011419235.
18. Jun, M.J. The effects of Seoul's greenbelt on the spatial distribution of population and employment, and on the real estate market. Annals of Regional Science. In press-b. http://10.1007/s00168-011-0461-5.
19. Knaap G.J., Ding C., Hopkins L.D. Do plans matter? The effects of light rail plans on land values in station areas. Journal of Planning Education and Research 2001, 21(1):32-39.
20. Knight L.Robert, Trygg Lisa L. Evidence of land use impacts of rapid transit systems. Transportation 1977, 6:23-247.
21. Laakso S. Public transportation investment and residential property values in Helsinki. Scandinavian Housing and Planning Research 1992, 9:217-229.
22. Levinson H., Zimmerman S., Clinger J., Rutherford S. Bus rapid transit: an overview. Journal of Public Transportation 2002, 5(2):1-30.
23. Matsumoto, Naoka, 2007. Analysis of Policy Processes to Introduce Bus Rapid Transit Systems in Asian Cities from the Perspective of Lesson-drawing. In: Air Pollution Control in the Transportation Sector: Third Phase Research Report of the Urban Environmental Management Project, Chapter IV.7. pp. 351-376, IGES (Hayama).
24. National Cooperative Highway Research Program, 1996. Integration of Land use Planning with Multimodal Transportation Planning. Draft Interim Report. NCHRP 8 32 (3).
25. Pucher John, Park Hyngyong, Kim Mook Han, Song Jumin Public transport reforms in Seoul: innovations motivated by funding crisis. Journal of Public Transportation 2005, 8(5):41-62.
26. Ryan S. property values and transportation facilities: finding the transportation-land use connection. Journal of Planning Literature 1999, 13(4):412-427.
27. Seoul Development Institute Toward Better Public Transport 2005, Seoul Development Institute, Seoul Metropolitan Government, Seoul, Korea.
28. Seoul Metropolitan Government Achievement and Present State of Public Transit Reform in Seoul, 2009 2009, Seoul Metropolitan Government, Seoul.
29. So H.M., Tse R.Y.C., Ganesan S. Estimating the influence of transport on house price: evidence from Hong Kong. Journal of Property Valuation and Investment 1998.
30. Transit Cooperative Research Program (TCRP), 1995. An Evaluation of the Relationships Between Transit and Urban Form, Research Results Digest, No. 7, June.
31. Vesalli Kaveh V. Land use impacts of rapid transit: a review of the empirical literature. Berkeley Planning Journal 1996, 11:71-105.
32. Voith R. Transportation, sorting, and house values. Journal of the American Real Estate and Urban Economics Association 1991, 19:117-137.
33. Vuchic V. Bus semirapid transit model development and evaluation. Journal of Public Transportation 2002, 5(2):71-96.
34. Wegener M. Overview of land-use transport models. Transport Geography and Spatial Systems 2004, 127-146. Pergamon/Elsevier Science, Kidlington, UK. D.A. Hensher, K. Button (Eds.).