메뉴 건너뛰기




Volumn 8, Issue 1, 2015, Pages 1-25

Estimating the Effects of Light Rail Transit (LRT) System on Residential Property Values Using Geographically Weighted Regression (GWR)

Author keywords

Geographically weighted regression; Greater Kuala Lumpur; Hedonic pricing; Land value capture; Light rail transit (LRT)

Indexed keywords

ECONOMIC DEVELOPMENT; ESTIMATION METHOD; LIGHT RAIL SYSTEM; PROPERTY MARKET; REGRESSION ANALYSIS; SPATIOTEMPORAL ANALYSIS;

EID: 85027920069     PISSN: 1874463X     EISSN: 18744621     Source Type: Journal    
DOI: 10.1007/s12061-014-9117-z     Document Type: Article
Times cited : (92)

References (59)
  • 1
    • 0000501656 scopus 로고
    • Information theory and an extension of the maximum likelihood principle. In B. N. Petrov and F. Csaki (Eds.)
    • Budapest: Academiai Kiado
    • Akaike, H. (1973). Information theory and an extension of the maximum likelihood principle. In B. N. Petrov and F. Csaki (Eds.), Second international symposium on information theory. Budapest: Academiai Kiado.
    • (1973) Second international symposium on information theory
    • Akaike, H.1
  • 4
    • 0344800441 scopus 로고
    • Impacts of commuter rail service as reflected in single-family residential property values
    • Armstrong, R. (1994). Impacts of commuter rail service as reflected in single-family residential property values. Transportation Research Record, 1466, 88–98.
    • (1994) Transportation Research Record , vol.1466 , pp. 88-98
    • Armstrong, R.1
  • 5
    • 0034824462 scopus 로고    scopus 로고
    • Transport investment and the promotion of economic growth
    • Banister, D. & Berechman, Y. (2001). Transport investment and the promotion of economic growth. Journal of Transport Geography, 9(3), 209-218.
    • (2001) Journal of Transport Geography , vol.9 , Issue.3 , pp. 209-218
    • Banister, D.1    Berechman, Y.2
  • 6
    • 85028174205 scopus 로고    scopus 로고
    • Bus service and real estate values. Paper presented at the 68th Annual Meeting of the Institute of Transportation Engineers. Toronto
    • Barker, W. G. (1998). Bus service and real estate values. Paper presented at the 68th Annual Meeting of the Institute of Transportation Engineers. Toronto, August. http://www.ite.org/Membersonly/annualmeeting/1998/AHA98B25.PDF. Accessed 23 Nov 2013.
    • (1998) August
    • Barker, W.G.1
  • 7
    • 0007756811 scopus 로고
    • Mass transportation, apartment rent and property values
    • Benjamin, J. D., & Sirmans, G. S. (1994). Mass transportation, apartment rent and property values. Journal of Real Estate Research, 12(1), 1–8.
    • (1994) Journal of Real Estate Research , vol.12 , Issue.1 , pp. 1-8
    • Benjamin, J.D.1    Sirmans, G.S.2
  • 8
    • 0037873958 scopus 로고    scopus 로고
    • New highways, house prices, and urban development: a case study of toll roads in orange county, Ca
    • Boarnet, M. G., & Chalermpong, S. (2001). New highways, house prices, and urban development: a case study of toll roads in orange county, Ca. Housing Policy Debate, 12(3), 575–605.
    • (2001) Housing Policy Debate , vol.12 , Issue.3 , pp. 575-605
    • Boarnet, M.G.1    Chalermpong, S.2
  • 9
    • 0030432956 scopus 로고    scopus 로고
    • Geographically weighted regression: a method for exploring spatial non-stationarity
    • Brunsdon, C., Fotheringham, A. S., & Charlton, M. (1996). Geographically weighted regression: a method for exploring spatial non-stationarity. Geographical Analysis, 28, 281–289.
    • (1996) Geographical Analysis , vol.28 , pp. 281-289
    • Brunsdon, C.1    Fotheringham, A.S.2    Charlton, M.3
  • 10
    • 84982770928 scopus 로고
    • Generating models by the expansion method: application to geographical research
    • Casetti, E. (1972). Generating models by the expansion method: application to geographical research. Geographical Analysis, 4, 81–91.
    • (1972) Geographical Analysis , vol.4 , pp. 81-91
    • Casetti, E.1
  • 12
    • 85028172346 scopus 로고    scopus 로고
    • Transit-oriented development and joint development in the United States: A literature review. TCRP Project H-27, Research Results Digest October 2002-Number 52, [online]
    • Cervero, R., Ferrell, C. and Murphy, S. (2002). Transit-oriented development and joint development in the United States: A literature review. TCRP Project H-27, Research Results Digest October 2002-Number 52, [online], Available: http://onlinepubs.trb.org/onlinepubs/tcrp/tcrp_rrd_52.pdf. Accessed 14 September 2013.
    • (2002) Available:
    • Cervero, R.1    Ferrell, C.2    Murphy, S.3
  • 15
    • 84881051495 scopus 로고    scopus 로고
    • Local hedonic house-price modelling for urban planners: advantages of using local regression techniques
    • Crespo, R., & Grêt-Regamey, A. (2013). Local hedonic house-price modelling for urban planners: advantages of using local regression techniques. Environment and Planning B: Planning and Design, 40, 664–682.
    • (2013) Environment and Planning B: Planning and Design , vol.40 , pp. 664-682
    • Crespo, R.1    Grêt-Regamey, A.2
  • 17
    • 85028141164 scopus 로고    scopus 로고
    • The impact of railway stations on residential and commercial property value, An empirical analysis of the Dutch housing markets:
    • Debrezion, G., Pels, E. & Rietveld, P. (2006). The impact of railway stations on residential and commercial property value: An empirical analysis of the Dutch housing markets. http://papers.tinbergen.nl/06031.pdf. Accessed 19 Jan 2013.
    • (2006) On the choice of functional form for hedonic price functions
    • Debrezion, G.1    Pels, E.2
  • 18
    • 85028164130 scopus 로고    scopus 로고
    • Impacts of rail transit on property values. Paper presented at the Commuter Rail/Rapid Transit Conference Sponsored by the American Public Transportation Association
    • Ontario: May
    • Diaz, R. B. (1999). Impacts of rail transit on property values. Paper presented at the Commuter Rail/Rapid Transit Conference Sponsored by the American Public Transportation Association. Toronto, Ontario, May. http://www.rtdfastracks.com/media/uploads/nm/impacts_of_rail_transit_on_property_values.pdf.
    • (1999) Toronto
    • Diaz, R.B.1
  • 19
    • 33947592467 scopus 로고    scopus 로고
    • Relationship between transport accessibility and land value: local model approach with geographically weighted regression
    • Du, H., & Mulley, C. (2006). Relationship between transport accessibility and land value: local model approach with geographically weighted regression. Transportation Research Record, 1977(1), 197–205.
    • (2006) Transportation Research Record , vol.1977 , Issue.1 , pp. 197-205
    • Du, H.1    Mulley, C.2
  • 20
    • 84871332298 scopus 로고    scopus 로고
    • Understanding spatial variations in the impact of accessibility on land value using geographically weighted regression
    • Du, H., & Mulley, C. (2012). Understanding spatial variations in the impact of accessibility on land value using geographically weighted regression. Journal of Transport and Land Use, 5(2), 46–59.
    • (2012) Journal of Transport and Land Use , vol.5 , Issue.2 , pp. 46-59
    • Du, H.1    Mulley, C.2
  • 21
    • 0033225456 scopus 로고    scopus 로고
    • Light rail transit impacts in Portland: The first ten years
    • Dueker, K. J. & Bianco, M. J. (1999). Light rail transit impacts in Portland: The first ten years. Transportation Research Record, 1685, 171-180.
    • (1999) Transportation Research Record , vol.1685 , pp. 171-180
    • Dueker, K.J.1    Bianco, M.J.2
  • 22
    • 0029751577 scopus 로고    scopus 로고
    • House price changes in greater Manchester 1990–1993 and the impact of metro link
    • Forrest, D., Glen, J., Grime, J., & Ward, R. (1996). House price changes in greater Manchester 1990–1993 and the impact of metro link. Journal of Transport Economics and Policy, 30(1), 15–29.
    • (1996) Journal of Transport Economics and Policy , vol.30 , Issue.1 , pp. 15-29
    • Forrest, D.1    Glen, J.2    Grime, J.3    Ward, R.4
  • 23
    • 0032434789 scopus 로고    scopus 로고
    • Geographically weighted regression: a natural evolution of the expansion method for spatial data analysis
    • Fotheringham, A. S., Brunsdon, C., & Charlton, M. E. (1998). Geographically weighted regression: a natural evolution of the expansion method for spatial data analysis. Environment and Planning A, 30, 1905–1927.
    • (1998) Environment and Planning A , vol.30 , pp. 1905-1927
    • Fotheringham, A.S.1    Brunsdon, C.2    Charlton, M.E.3
  • 25
    • 0027069753 scopus 로고
    • Amenity value of forests in Great Britain and its impact on the internal rate of return from forestry
    • Garrod, G., & Willis, K. (1992). Amenity value of forests in Great Britain and its impact on the internal rate of return from forestry. Forestry, 65(3), 331–346.
    • (1992) Forestry , vol.65 , Issue.3 , pp. 331-346
    • Garrod, G.1    Willis, K.2
  • 26
    • 0027725732 scopus 로고
    • The impact of the Miami metro rail on the value of residences near station locations
    • Gatzlaff, D., & Smith, M. (1993). The impact of the Miami metro rail on the value of residences near station locations. Land Economics, 69(1), 54–66.
    • (1993) Land Economics , vol.69 , Issue.1 , pp. 54-66
    • Gatzlaff, D.1    Smith, M.2
  • 30
    • 33947105925 scopus 로고    scopus 로고
    • Impact of proximity to light rail rapid transit on station-area property values in Buffalo, New York
    • Hess, D. B., & Almeida, T. M. (2007). Impact of proximity to light rail rapid transit on station-area property values in Buffalo, New York. Urban Studies, 44(5–6), 1041–1068.
    • (2007) Urban Studies , vol.44 , Issue.5-6 , pp. 1041-1068
    • Hess, D.B.1    Almeida, T.M.2
  • 31
    • 84871626652 scopus 로고    scopus 로고
    • The effect of proximity to urban rail on housing prices in Ottawa
    • Hewitt, C. M., & Hewitt, W. E. (2012). The effect of proximity to urban rail on housing prices in Ottawa. Journal of Public Transportation, 15(4), 43–65.
    • (2012) Journal of Public Transportation , vol.15 , Issue.4 , pp. 43-65
    • Hewitt, C.M.1    Hewitt, W.E.2
  • 32
    • 0027728535 scopus 로고
    • A multilevel analysis of the variations in domestic property prices: Southern England 1980–1987
    • Jones, K., & Bullen, N. (1993). A multilevel analysis of the variations in domestic property prices: Southern England 1980–1987. Urban Studies, 30(8), 1409–1426.
    • (1993) Urban Studies , vol.30 , Issue.8 , pp. 1409-1426
    • Jones, K.1    Bullen, N.2
  • 33
    • 0028575543 scopus 로고
    • Contextual models of urban house prices: a comparison of fixed-and-random-coefficient models developed by expansion
    • Jones, K., & Bullen, N. (1994). Contextual models of urban house prices: a comparison of fixed-and-random-coefficient models developed by expansion. Economic Geography, 70(3), 252–272.
    • (1994) Economic Geography , vol.70 , Issue.3 , pp. 252-272
    • Jones, K.1    Bullen, N.2
  • 34
    • 0005526072 scopus 로고    scopus 로고
    • Do plans matter? The effects of light rail plans on land values in station areas
    • Knapp, G. J., Ding, C. & Hopkins, L. D. (2001). Do plans matter? The effects of light rail plans on land values in station areas. Journal of Planning Education and Research, 21(1), 32–39.
    • (2001) Journal of Planning Education and Research , vol.21 , Issue.1 , pp. 32-39
    • Knapp, G.J.1    Ding, C.2    Hopkins, L.D.3
  • 36
    • 84876029958 scopus 로고    scopus 로고
    • The predictive performance of multilevel models of housing Sub-markets: a comparative analysis
    • Leishman, C., Costello, G., Rowley, S., & Watkins, C. (2013). The predictive performance of multilevel models of housing Sub-markets: a comparative analysis. Urban Studies, 50(6), 1201–1220.
    • (2013) Urban Studies , vol.50 , Issue.6 , pp. 1201-1220
    • Leishman, C.1    Costello, G.2    Rowley, S.3    Watkins, C.4
  • 37
    • 85028149731 scopus 로고    scopus 로고
    • Spatial econometrics, lecture notes, Department of Economics
    • LeSage, J. (1998). Spatial econometrics, lecture notes, Department of Economics, University of Toledo. http://www.spatial-econometrics.com/html/wbook.pdf. Accessed 11 Dec 2013.
    • (1998) University of Toledo
    • LeSage, J.1
  • 39
    • 84867637388 scopus 로고    scopus 로고
    • Land value capture for transport accessibility: a review
    • Medda, F. (2012). Land value capture for transport accessibility: a review. Journal of Transport Geography, 25, 154–161.
    • (2012) Journal of Transport Geography , vol.25 , pp. 154-161
    • Medda, F.1
  • 40
    • 33845758913 scopus 로고    scopus 로고
    • Mapping the results of geographically weighted regression
    • Mennis, J. (2006). Mapping the results of geographically weighted regression. The Journal of Cartographic, 43(2), 171–179.
    • (2006) The Journal of Cartographic , vol.43 , Issue.2 , pp. 171-179
    • Mennis, J.1
  • 41
    • 0004043447 scopus 로고
    • Scott, Foresman and Company, Glenview, Illinois:
    • Mills, E. S. (1972). Urban economics. Illinois: Scott, Foresman and Company, Glenview.
    • (1972) Urban economics
    • Mills, E.S.1
  • 42
    • 78649820637 scopus 로고    scopus 로고
    • ‘The rise of the private car in Kuala Lumpur: Assessing the policy option’
    • Mohamad, J., & Kiggundu, A. T. (2007). ‘The rise of the private car in Kuala Lumpur: Assessing the policy option’. IATSS RESEARCH, 31(1), 69–77.
    • (2007) IATSS RESEARCH , vol.31 , Issue.1 , pp. 69-77
    • Mohamad, J.1    Kiggundu, A.T.2
  • 43
    • 84899800360 scopus 로고    scopus 로고
    • Accessibility and land value uplift: identifying spatial variations in the accessibility impacts of a bus transitway
    • Mulley, C. (2014). Accessibility and land value uplift: identifying spatial variations in the accessibility impacts of a bus transitway. Urban Studies, 51(8), 1707–1724.
    • (2014) Urban Studies , vol.51 , Issue.8 , pp. 1707-1724
    • Mulley, C.1
  • 44
    • 0004183533 scopus 로고
    • Chicago University Press, Chicago:
    • Muth, R. F. (1969). Cities and housing. Chicago: Chicago University Press.
    • (1969) Cities and housing
    • Muth, R.F.1
  • 45
    • 0007862745 scopus 로고
    • Effects of elevated heavy rail transit stations on house prices with respect to neighbourhood income
    • Nelson, A. (1992). Effects of elevated heavy rail transit stations on house prices with respect to neighbourhood income. Transportation Research Record, 1359, 127–132.
    • (1992) Transportation Research Record , vol.1359 , pp. 127-132
    • Nelson, A.1
  • 47
    • 0030288165 scopus 로고    scopus 로고
    • ‘Walking distance to and from light rail transit stations’
    • O’Sullivan, S. and Morrall, J. (1996). ‘Walking distance to and from light rail transit stations’. Transportation Research Record, 15(38), 19–26.
    • (1996) Transportation Research Record , vol.15 , Issue.38 , pp. 19-26
    • O’Sullivan, S.1    Morrall, J.2
  • 48
    • 0001398520 scopus 로고
    • Estimating the demand for the characteristics of housing
    • Palmquist, R. B. (1984). Estimating the demand for the characteristics of housing. Review of Economics and Statistics, 66, 394–404.
    • (1984) Review of Economics and Statistics , vol.66 , pp. 394-404
    • Palmquist, R.B.1
  • 49
    • 84871417403 scopus 로고    scopus 로고
    • Quality attributes of public transport that attract car users: a research review
    • Redman, L., Friman, M., Garling, T., & Hartig, T. (2013). Quality attributes of public transport that attract car users: a research review. Transport Policy, 25, 119–127.
    • (2013) Transport Policy , vol.25 , pp. 119-127
    • Redman, L.1    Friman, M.2    Garling, T.3    Hartig, T.4
  • 50
    • 4444294004 scopus 로고    scopus 로고
    • Value of accessibility to Bogota’s bus rapid transit system
    • Rodriguez, D., & Targa, F. (2004). Value of accessibility to Bogota’s bus rapid transit system. Transport Reviews, 24(5), 586–610.
    • (2004) Transport Reviews , vol.24 , Issue.5 , pp. 586-610
    • Rodriguez, D.1    Targa, F.2
  • 51
    • 0032818143 scopus 로고    scopus 로고
    • ‘Property values and transportation facilities: Finding the transportation-land use connection’
    • Ryan, S. (1999). ‘Property values and transportation facilities: Finding the transportation-land use connection’. Journal of Planning Literature, 13(4), 412–427.
    • (1999) Journal of Planning Literature , vol.13 , Issue.4 , pp. 412-427
    • Ryan, S.1
  • 52
    • 33747859595 scopus 로고    scopus 로고
    • Financing transit systems through value capture: an annotated bibliography
    • Smith, J., Gihring, T., & Litman, T. (2006). Financing transit systems through value capture: an annotated bibliography. American Journal of Economics and Sociology, 65(3), 751–786.
    • (2006) American Journal of Economics and Sociology , vol.65 , Issue.3 , pp. 751-786
    • Smith, J.1    Gihring, T.2    Litman, T.3
  • 54
    • 85028161760 scopus 로고    scopus 로고
    • The local housing submarket structure and its properties
    • Tu, Y. (2000). The local housing submarket structure and its properties. Urban Studies, 34(2), 745–767.
    • (2000) Urban Studies , vol.34 , Issue.2 , pp. 745-767
    • Tu, Y.1
  • 56
    • 85028160886 scopus 로고
    • Accommodating the Pedestrian: Adapting Towns and Neighborhoods for Walking and Biking
    • Kentucky, Van Nostrand Reinhold:
    • Unterman, R. K. (1984). Accommodating the Pedestrian: Adapting Towns and Neighborhoods for Walking and Biking. Florence, Kentucky: Van Nostrand Reinhold.
    • (1984) Florence
    • Unterman, R.K.1
  • 57
    • 77449108368 scopus 로고    scopus 로고
    • Land readjustment for value capturing: a new planning tool for urban development
    • van der Krabben, E., & Needham, B. (2008). Land readjustment for value capturing: a new planning tool for urban development. Town Planning Review, 79(6), 651–672.
    • (2008) Town Planning Review , vol.79 , Issue.6 , pp. 651-672
    • van der Krabben, E.1    Needham, B.2
  • 59
    • 84871318567 scopus 로고    scopus 로고
    • The impact of a new light rail system on single-family property values in charlotte, North Carolina
    • Yan, S., Delmelle, E., & Duncan, M. (2012). The impact of a new light rail system on single-family property values in charlotte, North Carolina. Journal of Transport and Land Use, 5(2), 60–67.
    • (2012) Journal of Transport and Land Use , vol.5 , Issue.2 , pp. 60-67
    • Yan, S.1    Delmelle, E.2    Duncan, M.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.