A spatial difference-in-differences estimator to evaluate the effect of change in public mass transit systems on house prices

DC FieldValueLanguage
dc.contributor.authorDubé, Jean-
dc.contributor.authorLegros, Diègo-
dc.contributor.authorThériault, Marius-
dc.contributor.authorDes Rosiers, François-
dc.coverage.spatialMontréal, Agglomération de (Québec)fr_CA
dc.description.abstractEvaluating the impact of public mass transit systems on real-estate values is an important application of the hedonic price model (HPM). Recently, a mathematical transformation of this approach has been proposed to account for the potential omission of latent spatial variables that may overestimate the impact of accessibility to mass transit systems on values. The development of a Difference-in-Differences (DID) estimator, based on the repeatsales approach, is a move in the right direction. However, such an estimator neglects the possibility that specification of the price equation may follow a spatial autoregressive process with respect to the dependent variable. The objective of this paper is to propose a spatial Difference-in-Differences (SDID) estimator accounting for possible spatial spillover effects. Particular emphasis is placed on the development of a suitable weights matrix accounting for spatial links between observations. Finally, an empirical application of the SDID estimator based on the development of a new commuter rail transit system for the suburban agglomeration of Montréal (Canada) is presented and compared to the usual DID estimator.fr_CA
dc.subjectMass transitfr_CA
dc.subjectPolicy evaluationfr_CA
dc.subjectHedonic pricing modelfr_CA
dc.subjectDifference-in-Differences estimatorfr_CA
dc.subjectSpatial econometricsfr_CA
dc.titleA spatial difference-in-differences estimator to evaluate the effect of change in public mass transit systems on house pricesfr_CA
dc.typeCOAR1_1::Texte::Périodique::Revue::Contribution à un journal::Article::Article de recherche-
dcterms.bibliographicCitationTransportation Research Part B, Vol. 64, 24–40 (2014)fr_CA
dc.audienceProfesseurs (Enseignement supérieur)fr_CA
dc.subject.rvmLogement -- Prix -- Modèles mathématiquesfr_CA
dc.subject.rvmDonnées spatio-temporelles -- Modèles économétriquesfr_CA
dc.subject.rvmTrains de banlieue -- Aspect économiquefr_CA
dc.subject.rvmPrix hédoniquesfr_CA
rioxxterms.versionVersion of Recordfr_CA
Collection:Articles publiés dans des revues avec comité de lecture

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